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
About this deal
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.
On the Map
$3,850,000
$865/SF
Condo
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Miami Condo Market Snapshot
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Deal FAQ
About $865 per square foot on a published $3.9M for 4,450 square feet (2022).
Visit Alfredo Caprile to view all their deals.
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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