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Oppenheim Realty Sells Condo Unit At 1000 Biscayne Blvd In Miami For $7.2M In USDC Cryptocurrency

Property Image
SOLD
$7,200,000

Florida

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Condo4,600 SF
Sold
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SOLD

Oppenheim Realty Sells Condo Unit At 1000 Biscayne Blvd In Miami For $7.2M In USDC Cryptocurrency

1000 Biscayne Boulevard, Miami, Florida 33132, United States

See Similar Deals
Condo4,600 SF
Sold
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,565
Total Square Footage:4,600 SF
Transaction Type:Sale

A 4,600 square foot condo located at 1000 Biscayne Blvd in Miami has been sold for a price of $7,200,000 in USDC cryptocurrency. The property, listed by Zachary Oppenheim and Madison Roberts of Oppenheim Realty, offers a prime location in the vibrant Miami market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,200,000 in USDC cryptocurrency
  • Address: 1000 Biscayne Blvd
  • Market: Miami
  • Asset Type: Condo
  • Brokers: Zachary Oppenheim & Madison Roberts - Oppenheim Realty
  • Square Footage: 4,600
  • Price per Square Foot: $1,565

Zachary Oppenheim and Madison Roberts of Oppenheim Realty successfully facilitated this real estate transaction, representing the buyer and seller involved. The deal not only highlights the desirable characteristics of the condo, including its high-end amenities and coveted location in the bustling Miami market, but also showcases the growing acceptance of cryptocurrency in property transactions.

Players

3 deals$116.3M volume
BROKER

Zachary Oppenheim
2 deals$109.1M volume
BROKER

Details

SOLD
IMAGE: Zachary Oppenheim & Madison Roberts ADDRESS: 1000 Biscayne Blvd MARKET: Miami ASSET TYPE: Condo BROKERS: Zachary Oppenheim (@ZacharyOppenheim) & Madison Roberts (@Madisonsoldit) - Oppenheim Realty (@OppenheimRealty) SALE PRICE: $7,200,000 in USDC crypto SF: 4,600 ~ PPSF: $1,565

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$384,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08