PMG Sells 3-Bed Condo At Waldorf Astoria Miami For $5.3M
300 Biscayne Boulevard
$5,300,000
$1,104/SF
Building Size
4,800 SF
Asset Type
Condo
Closing
May 9, 2024
About this deal
AI
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
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Sotheby's International Realty to view all their deals.
Browse Miami condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93