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
About this deal
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.
On the Map
$1,300,000
$751/SF
Condo
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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