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1400 Biscayne Blvd, Miami, ...

Coldwell Banker Acquires Condo At 1400 Biscayne Blvd, Downtown Miami For $12.6M
SOLDCondo

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

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.

Players

Olga Monson

Fortune International Realty

Broker

$38.6M

vol

2 deals

Broker
Related Group
Related GroupSeller
Related Group
Related GroupLender

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

1.26%

Cash-on-Cash

-0.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93