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300 Biscayne Boulevard

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

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

300 Biscayne Boulevard

$25,000,000

$8,735/SF

Building Size

2,862 SF

Asset Type

Condo

Closing

Dec 7, 2024

AI

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

Eva Garzon

Broker

$313M

vol

27 deals

Broker
The Grand Lion Real Estate Group
The Grand Lion Real Estate GroupBrokerage

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93