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17111 Biscayne Boulevard

MLS Star Luciano Acosta Acquires $2.295M Condo at Marina Palms Reserve, Brokered by Alona Yona
SOLDCondo

MLS Star Luciano Acosta Acquires $2.295M Condo at Marina Palms Reserve, Brokered by Alona Yona

17111 Biscayne Boulevard

$2,295,000

$1,031/SF

Building Size

2,225 SF

Asset Type

Condo

Closing

Oct 7, 2024

AI

The property involved in this transaction is a condo located at 17111 Biscayne Boulevard Unit 2209 in Aventura. It was sold for $2,295,000, covering a square footage of 2,225, resulting in a price per square foot of $1,031.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,295,000
  • Address: 17111 Biscayne Boulevard Unit 2209
  • Market: Aventura
  • Square Footage: 2,225
  • Price per Square Foot: $1,031
  • Buyer: Luciano Acosta
  • Seller: Tal Banay
  • Broker: Alona Yona, Beachfront Realty

The deal features Luciano Acosta, a professional soccer player for Major League Soccer's FC Cincinnati, as the buyer. This transaction also marks the highest sale record in Marina Palms Reserve, Aventura, indicating its significance in the local real estate market.

Players

Alona Yona

Beachfront Realty

Broker

$15.1M

vol

7 deals

Broker

Aventura 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

6.91%

Cash-on-Cash

-1.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93