Ron Aman Acquires Waterfront Penthouse At 300 Biscayne Boulevard From Semmin Safi For $1.49M
300 Biscayne Boulevard
$1,490,000
$762/SF
Building Size
1,955 SF
Asset Type
Condo
Closing
Sep 19, 2024
AI
The transaction involves the sale of a condo located at 300 Biscayne Boulevard, Miami, which closed at a price of $1,490,000. The property boasts a total area of 1,955 square feet, achieving a price per square foot of $762. This asset is characterized as a waterfront penthouse featuring 3 bedrooms and 3.5 bathrooms, situated in the Brickell neighborhood.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,490,000
- Square Footage: 1,955 SF
- Price Per Square Foot: $762
- Buyer: Ron Aman
- Seller: Semmin Safi
- Broker: Benjamin Malayev - HL Real Estate Group
Benjamin Malayev represented the seller in this transaction, facilitating a successful closure of this property. The broker's experience in the luxury market supports a professional approach to buying, selling, and investing in real estate, ensuring efficient transactions.
Miami 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
10.65%
Cash-on-Cash
-3.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93