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1040 Biscayne Boulevard

Brittany Sager Acquires Condo In Miami For $1.67M With Buyer's Rep Darin Feldman - Insignia International Properties
SOLDCondo

Brittany Sager Acquires Condo In Miami For $1.67M With Buyer's Rep Darin Feldman - Insignia International Properties

1040 Biscayne Boulevard

$1,675,000

$933/SF

Building Size

1,794 SF

Asset Type

Condo

Closing

Apr 5, 2023

AI

The condo unit located at 1040 Biscayne Blvd. Unit 2603 in Miami has been sold for a transaction price of $1,675,000. The property spans 1,794 square feet and has a price per square foot of $934. The sale was closed on 04/05/2023.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,675,000
  • Address: 1040 Biscayne Blvd. Unit 2603, Miami
  • Market: Miami

The buyer of the property is Brittany Sager, while the seller is Miltiadis Kastanis. Representing the buyer is Darin Feldman from Insignia International Properties, and representing the seller is Miltiadis Kastanis from Douglas Elliman.

Players

Darin Feldman

Broker

$125M

vol

12 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93