Condo At Aston Martin Residences In Miami Sold For $4.075M With Seller's Reps Matias Alem & Sergio Balinotti
SOLD
$4,075,000
Florida
See Similar DealsCondo3,078 SF
Sold 06/11/2025
SOLD
Condo At Aston Martin Residences In Miami Sold For $4.075M With Seller's Reps Matias Alem & Sergio Balinotti
300 Biscayne Boulevard
See Similar DealsCondo3,078 SF
Sold 06/11/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,323
Total Square Footage:3,078 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 300 Biscayne Blvd Way Apt. # 1603, Miami, FL 33131 within the Aston Martin Residences. The unit spans an area of 3,078 square feet and was sold for a price of $4,075,000, translating to a price per square foot of $1,323 in the Miami market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,075,000
- Square Footage: 3,078
- Price Per Square Foot: $1,323
- Address: 300 Biscayne Blvd Way Apt. # 1603, Miami, FL 33131
- Market: Miami
- Seller's Representative: Matias Alem & Sergio Balinotti - BRG International
This transaction was represented by Matias Alem and Sergio Balinotti, both associated with BRG International, serving as the broker representatives for the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,477.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,317.58
Annual Debt Service$231,810.95
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