Eva Garzon Of The Grand Lion Real Estate Group Acquires Condo For $6.1M
SOLD
$6,100,000
Florida
See Similar DealsCondo4,800 SF
Sold 05/22/2024
SOLD
Eva Garzon Of The Grand Lion Real Estate Group Acquires Condo For $6.1M
300 Biscayne Boulevard
See Similar DealsCondo4,800 SF
Sold 05/22/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,270
Total Square Footage:4,800 SF
Transaction Type:Sale
The property involved in the transaction is a Condo located at 300 Biscayne Boulevard in Miami. The asset, known as Aston Martin Residences, was sold for $6,100,000. The Condo spans 4,800 square feet, resulting in a price per square foot of $1,271.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,100,000
- Address: 300 Biscayne Boulevard
- Market: Miami
- Seller: Aston Martin Residences
- Buyer's Rep: Eva Garzon - The Grand Lion Real Estate Group
- Seller's Rep: Jessica Juliao - Cervera Real Estate
- SF: 4,800
- PPSF: $1,271
The deal involved Eva Garzon from The Grand Lion Real Estate Group representing the buyer and Jessica Juliao from Cervera Real Estate representing the seller, Aston Martin Residences.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,672.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,917.11
Annual Debt Service$347,005.34
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