Cervera Real Estate Sells Aston Martin Residences Penthouse In Miami For $24 Million
SOLD
$24,000,000
Florida
See Similar DealsCondo9,127 SF
Sold 12/16/2024
SOLD
Cervera Real Estate Sells Aston Martin Residences Penthouse In Miami For $24 Million
300 Biscayne Boulevard
See Similar DealsCondo9,127 SF
Sold 12/16/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,629
Total Square Footage:9,127 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 300 Biscayne Boulevard Way in Miami. It was sold for $24,000,000, covering a space of 9,127 square feet with a price per square foot of $2,629.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $24,000,000
- Address: 300 Biscayne Boulevard Way
- Market: Miami
- Square Footage: 9,127
- Price per Square Foot: $2,629
- Seller: German Coto - G&G Business Developments
- Brokerages: Cervera Real Estate; Paulie Hankin & Michael Herman - The Paulie Group
Paulie Hankin and Michael Herman represented both sides of the deal. This sale at Aston Martin Residences Miami, specifically Penthouse 6101, marks the highest-priced penthouse sold in Downtown Miami, featuring 4 bedrooms and 6 bathrooms, along with additional spaces including a family room, staff quarters, gym, and pool.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,279,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$85,266.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$113,772.24
Annual Debt Service$1,365,266.93
Is there something missing? Send suggestions