Michael Murray Strauss Acquires Condo On 1100 Biscayne Blvd Downtown Miami For $1.61M
SOLD
$1,610,000
Florida
See Similar DealsCondo2,081 SF
Sold
SOLD
Michael Murray Strauss Acquires Condo On 1100 Biscayne Blvd Downtown Miami For $1.61M
1100 Biscayne Boulevard, Miami, Florida 33132, United States Units:
See Similar DealsCondo2,081 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$773
Total Square Footage:2081 SF
Transaction Type:Sale
A condo located at 1100 Biscayne Blvd in Downtown Miami has been sold for $1,610,000. The property spans 2,081 square feet, resulting in a price per square foot of $774. The sale was finalized on 05/25/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,610,000
- Address: 1100 Biscayne Blvd, Downtown Miami
- Square Footage: 2,081
- Price per Square Foot: $774
The buyer of this condo is Michael Murray Strauss, while the sellers are Walter Olan Elmore and Isa Siu Ward. Paola Marulanda from ONE Sotheby's International Realty represented the buyer in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,719.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,632.22
Annual Debt Service$91,586.66
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