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1040 Biscayne Boulevard

Ted Paul Becker & Lan Lim Acquire Condo On Miami's Biscayne Blvd For $1.3M
SOLDCondo

Ted Paul Becker & Lan Lim Acquire Condo On Miami's Biscayne Blvd For $1.3M

1040 Biscayne Boulevard

$1,300,000

$751/SF

Building Size

1,730 SF

Asset Type

Condo

Closing

Jun 29, 2020

AI

A condominium unit located at 1040 Biscayne Blvd. in Miami has been sold in a recent transaction. The property spans 1,730 square feet and boasts a sale price of $1,300,000, resulting in a price per square foot of $751. The sale took place on June 29, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,300,000
  • Address: 1040 Biscayne Blvd., Miami
  • Square Footage: 1,730

Ted Paul Becker and Lan Lim are the buyers of this condominium unit, while Eduardo and Sonia Perez are the sellers. Representing the buyers in the transaction is Frank Lustig from Keyes Co., whereas Darin J. Feldman P.A. from Insignia Intl served as the sellers' representative.

Players

Darin Feldman

Broker

$125M

vol

12 deals

Broker
The Keyes Company
The Keyes CompanyBrokerage

Sonia Perez

Seller

$2.6M

vol

2 deals

Seller

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93