Mallory McGuire Of Sotheby's International Realty Represents Buyer In $6.125M Downtown Miami Condo Sale
300 Biscayne Boulevard
$6,125,000
$1,537/SF
Building Size
3,984 SF
Asset Type
Condo
Closing
Nov 26, 2024
About this deal
AI
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.
On the Map
$6,125,000
$1,537/SF
Condo
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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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93