Coldwell Banker Acquires Condo At 1400 Biscayne Blvd, Downtown Miami For $12.6M
1400 Biscayne Blvd, Miami, FL 33132
$12,600,000
$2,138/SF
Building Size
5,893 SF
Asset Type
Condo
Closing
May 26, 2023
About this deal
AI
The largest penthouse out of 10 exclusive penthouses at Casa Bella Residences by B&B Italia has been sold for $12,600,000 in Downtown Miami's highly desirable Arts and Cultural District. This sale at 1400 Biscayne Boulevard marks the most expensive condominium sale on a price-per-square-foot basis in the area. The penthouse has a total area of 5,893 square feet, resulting in a price per square foot of $2,138.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $12,600,000
- Address: 1400 Biscayne Boulevard, Downtown Miami
- Square Footage: 5,893
- Seller: The Related Group and Alta Developers
- Buyer's Representative: Maribele Faura - Coldwell Banker
- Seller's Representative: Olga Monson - Fortune International Realty
The penthouse at Casa Bella Residences offers luxurious living in the heart of Downtown Miami. For more information about this exclusive project, interested parties can contact Olga Monson, the Director of Sales at Fortune International Realty.
On the Map
$12,600,000
$2,138/SF
Condo
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Miami Condo Market Snapshot
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Deal FAQ
About $2.1K per square foot on a published $12.6M for 5,893 square feet (2023).
Visit Olga Monson to view all their deals.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.26%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93