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Jose De Jesus Fonseca Purchases Condo At 300 Biscayne Boulevard From Remilla Properties For $3.95M

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SOLD
$25,000,000

Florida

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Condo2,862 SF
Sold 12/07/2024
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Property Image
SOLD

Jose De Jesus Fonseca Purchases Condo At 300 Biscayne Boulevard From Remilla Properties For $3.95M

300 Biscayne Boulevard

See Similar Deals
Condo2,862 SF
Sold 12/07/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$8,735
Total Square Footage:2,862 SF
Transaction Type:Sale

The asset involved in this transaction is a condo located at 300 Biscayne Boulevard Unit 4707 in Miami. The asking price was $4,300,000, and it sold for $3,950,000. The property has a total square footage of 2,862, which translates to a price per square foot of $1,380.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,950,000
  • Address: 300 Biscayne Boulevard Unit 4707
  • Market: Miami
  • Asking Price: $4,300,000
  • Square Footage: 2,862
  • Price Per Square Foot: $1,380
  • Buyer: Jose de Jesus Fonseca
  • Seller: Remilla Properties
  • Broker: Eva Garzon - The Grand Lion Real Estate Group

Jose de Jesus Fonseca acted as the buyer in this transaction, while Remilla Properties was the seller. The deal was represented by broker Eva Garzon from The Grand Lion Real Estate Group, who facilitated the transaction for the involved parties.

Players

27 deals$313M volume(305) 766-5979
BROKER

The Grand Lion Real Estate Group
BROKERAGE

Details

SOLD
IMAGE: Eva Garzon DATE: 12/07/2024 ADDRESS: 300 Biscayne Boulevard Unit 4707 MARKET: Miami ASSET TYPE: Condo BUYER: Jose de Jesus Fonseca SELLER: Remilla Properties BROKER: Eva Garzon (@EvaGarzon_) - The Grand Lion Real Estate Group (@TheGrandlion_RE) ASKING PRICE $4,300,000: SALE PRICE: $3,950,000 SF: 2,862 ~ PPSF: $1,380

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
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