PMG Sells 3-Bed Condo At Waldorf Astoria Miami For $5.3M
SOLD
Florida
See Similar DealsCondo4,800 SF
Sold 05/09/2024
SOLD
PMG Sells 3-Bed Condo At Waldorf Astoria Miami For $5.3M
300 Biscayne Boulevard
See Similar DealsCondo4,800 SF
Sold 05/09/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,104
Total Square Footage:4,800 SF
Transaction Type:Sale
The property in question is a 2,659 square foot condo located at 249 NE 3rd Street 5301, within the Waldorf Astoria in Downtown Miami. The condo was sold by PMG for $5,300,000, at a price per square foot of $1,993. The unit consists of 3 bedrooms, 3.5 bathrooms, and a den.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,300,000
- Address: 249 NE 3rd Street 5301, Waldorf Astoria
- Market: Downtown Miami
The sale of this condo was facilitated by Joan Bruggink and Zach Orris of One Sotheby's International Realty, who represented PMG in the transaction.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
Is there something missing? Send suggestions
