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
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93