John Lee Acquires Condo At 1100 Biscayne Boulevard In Miami For $2.6M
SOLD
$2,600,000
Florida
See Similar DealsCondo3,017 SF
Sold 08/17/2023
SOLD
John Lee Acquires Condo At 1100 Biscayne Boulevard In Miami For $2.6M
1100 Biscayne Blvd, Miami, FL 33132, United States
See Similar DealsCondo3,017 SF
Sold 08/17/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$861
Total Square Footage:3,017 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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