David Merino Acquires Mixed-Use Asset At 300 Biscayne Blvd From Waldorf Astoria For $4.88M
300 Biscayne Boulevard
$4,880,000
$1,016/SF
Building Size
4,800 SF
Asset Type
Condo
Closing
Sep 26, 2022
About this deal
AI
The asset involved in this transaction is a mixed-use property located at 300 Biscayne Blvd in Miami. The sale was finalized for an amount of $4,880,000. The total square footage of the property is 2,615, resulting in a price per square foot of $1,866.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $4,880,000
- Square Footage: 2,615
- Price per Square Foot: $1,866
- Buyer: David Merino
- Seller: Waldorf Astoria - PMG Development
- Broker: Steven Kupchan - Compass Florida
The individuals involved in this transaction include David Merino as the buyer and Waldorf Astoria - PMG Development as the seller. Steven Kupchan from Compass Florida represented the buyer in this deal.
On the Map
$4,880,000
$1,016/SF
Condo
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Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1K per square foot on a published $4.9M for 4,800 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.25%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93