Spero Theodorou Acquires Condo On Biscayne Blvd For $3.85M
1040 Biscayne Boulevard, Miami, Florida 33132, United States
$3,850,000
$865/SF
Building Size
4,450 SF
Asset Type
Condo
Closing
Jun 13, 2022
AI
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
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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93