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1040 Biscayne Blvd APT 4203...

Michael Kaminsky Acquires Condo On Biscayne Boulevard, Miami From Lorraine Letendre
SOLDCondo

Michael Kaminsky Acquires Condo On Biscayne Boulevard, Miami From Lorraine Letendre

1040 Biscayne Blvd APT 4203 Miami, FL 33132, USA

$3,400,000

$850/SF

Building Size

4,000 SF

Asset Type

Condo

Closing

Aug 28, 2023

AI

A condo located at 1040 Biscayne Boulevard in Miami has been sold. The property, spanning 4,000 square feet, was sold for $3,400,000. The asking price for the condo was $3,795,000, indicating a negotiated sale price below the initial listing price. This translates to a price per square foot of $850.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,400,000
  • Address: 1040 Biscayne Boulevard, Miami
  • Square Footage: 4,000
  • Asking Price: $3,795,000
  • Price per Square Foot: $850

The buyer of the condo is Michael Kaminsky, while the seller is Lorraine Letendre. Representing the buyer is Jordan Amato from One Sotheby's International, and representing the seller is Jill Hertzberg from Coldwell Banker. Both brokers played key roles in facilitating the transaction, ensuring a successful sale of the property.

Players

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

Market 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

4.67%

Cash-on-Cash

-1.33%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93