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

Property Image
SOLD
$2,295,000

Florida

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Condo2,225 SF
Sold 10/07/2024
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Property Image
SOLD

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

17111 Biscayne Boulevard

See Similar Deals
Condo2,225 SF
Sold 10/07/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,031
Total Square Footage:2,225 SF
Transaction Type:Sale

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
Alona Yona
7 deals$15.1M volume
BROKER

Details

SOLD
IMAGE: Alona Yona DATE: 10/18/2024 ADDRESS: 17111 Biscayne Boulevard Unit 2209 MARKET: Aventura ASSET TYPE: Condo BUYER: Luciano Acosta SELLER: Tal Banay BROKER: Alona Yona (@Alona_Yona), (@Alona_Yona_real_estate) - Beachfront Realty (@BeachfrontRealty) SALE PRICE: $2,295,000 SF: 2,225 ~ PPSF: $1,031 NOTE FROM BROKER: Luciano Acosta, professional soccer player for Major League Soccer's FC Cincinnati, has purchased a condo at 17111 Biscayne Boulevard. This marks the highest sale record in Marina Palms Reserve, Aventura.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$122,400.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,153.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,879.47
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