Mallory McGuire Of Sotheby's International Realty Represents Buyer In $6.125M Downtown Miami Condo Sale
SOLD
$6,125,000
Florida
See Similar DealsCondo3,984 SF
Sold 11/26/2024
SOLD
Mallory McGuire Of Sotheby's International Realty Represents Buyer In $6.125M Downtown Miami Condo Sale
300 Biscayne Boulevard
See Similar DealsCondo3,984 SF
Sold 11/26/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,537
Total Square Footage:3,984 SF
Transaction Type:Sale
The asset involved in this transaction is a condo located at 300 Biscayne Boulevard Unit 3501 in Downtown Miami. The property has a sale price of $6,125,000 and encompasses a square footage of 3,984, resulting in a price per square foot of $1,537.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,125,000
- Address: 300 Biscayne Boulevard Unit 3501
- Market: Downtown Miami
- Seller: Aston Martin Residences
- Buyer's Representative: Mallory McGuire - Sotheby's International Realty
- Seller's Representative: Scott Lamoreaux - Cervera Real Estate
- Square Footage: 3,984
- Price Per Square Foot: $1,537
The transaction involved key representatives from notable real estate agencies, with Mallory McGuire representing the buyer through Sotheby's International Realty and Scott Lamoreaux representing the seller via Cervera Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$326,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,760.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,035.62
Annual Debt Service$348,427.50
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