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1100 Biscayne Blvd, Miami, ...

John Lee Acquires Condo At 1100 Biscayne Boulevard In Miami For $2.6M
SOLDCondo

John Lee Acquires Condo At 1100 Biscayne Boulevard In Miami For $2.6M

1100 Biscayne Blvd, Miami, FL 33132, United States

$2,600,000

$861/SF

Building Size

3,017 SF

Asset Type

Condo

Closing

Aug 17, 2023

AI

A condominium located at 1100 Biscayne Boulevard in Miami has been sold in a recent transaction. The property spans 3,017 square feet and was sold for a total price of $2,600,000. The asking price for the condo was $2,799,999, and the sale price reflects a cost of $862 per square foot.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,600,000
  • Address: 1100 Biscayne Boulevard, Miami
  • Size: 3,017 square feet

The buyer in this transaction is John Lee, while the seller is Mark Jans. Representing the buyer is Jordan Millman from West Avenue Realty, and representing the seller is Mary Yasol from Coldwell Banker Realty.

Players

Jordan Millman

Broker

$8.3M

vol

4 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93