Spero Theodorou Acquires Condo On Biscayne Blvd For $3.85M
SOLD
$3,850,000
Florida
See Similar DealsCondo4,450 SF
Sold 06/13/2022
SOLD
Spero Theodorou Acquires Condo On Biscayne Blvd For $3.85M
1040 Biscayne Boulevard, Miami, Florida 33132, United States
See Similar DealsCondo4,450 SF
Sold 06/13/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$865
Total Square Footage:4,450 SF
Transaction Type:Sale
A luxury condo located at 1040 Biscayne Blvd apt 4403 in Miami Dade has recently been sold for $3,850,000. Spanning over 4,450 square feet, this spacious property offers a high-end living experience. The sale price of $3,850,000 translates to approximately $865 per square foot. The property, situated in a prime location in Miami, offers a desirable address for residents looking for luxury and convenience.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,850,000
- Square Footage: 4,450
- Address: 1040 Biscayne Blvd apt 4403, Miami Dade
The buyer, Spero Theodorou, acquired this luxurious condo. Represented by Alfredo Caprille from Coldwell Banker, Theodorou made a wise investment in this prime Miami property. On the other hand, James Collins, the seller, entrusted the transaction to Scott Klein from Insignia International Properties.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$205,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57
Is there something missing? Send suggestions