Cervera Real Estate Sells Aston Martin Residences Penthouse In Miami For $24 Million
300 Biscayne Boulevard
$24,000,000
$2,629/SF
Building Size
9,127 SF
Asset Type
Condo
Closing
Dec 16, 2024
AI
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
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
0.66%
Cash-on-Cash
-0.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93