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1100 Biscayne Boulevard, Mi...

Douglas Elliman Acquires Condo On Biscayne Blvd. In Miami For $2.12M
SOLDCondo

Douglas Elliman Acquires Condo On Biscayne Blvd. In Miami For $2.12M

1100 Biscayne Boulevard, Miami, Florida 33132, United States

$2,125,000

$735/SF

Building Size

2,888 SF

Asset Type

Condo

Closing

Feb 18, 2022

AI

The property at 1100 Biscayne Blvd. in Miami has been sold. The condo, with a total area of 2,888 square feet, was sold for a price of $2,125,000, resulting in a price per square foot of $736. The sale took place on February 18, 2022.

Summary of transaction details:

  • Property Type: Condo
  • Sale Price: $2,125,000
  • Square Footage: 2,888
  • Price per Square Foot: $736
  • Address: 1100 Biscayne Blvd., Miami

The buyer was represented by Dan Hechtkopf and Marci DeClaris from Douglas Elliman. On the other hand, Darin J. Feldman from Insignia International Properties acted as the seller's representative.

Players

Darin Feldman

Broker

$125M

vol

12 deals

Broker

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

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93