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
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