T-Rex Roars Trust Acquires Miami Condo For $15.25M With Cervera Real Estate
300 Biscayne Boulevard
$15,250,000
$1,173/SF
Building Size
13,000 SF
Asset Type
Condo
Closing
May 15, 2024
About this deal
AI
A penthouse at the Aston Martin Residences in Miami was sold for $15.25 million. The property, located at 300 Biscayne Boulevard Unit 5601C, consists of a 13,000-square-foot unit with four bedrooms, five bathrooms, and a pool on a 2,800-square-foot terrace. The sale price equated to $1,173 per square foot.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,250,000
- Market: Miami
- Buyer: T-Rex Roars Trust
- Seller: G&G Business Developments
- Brokers: Mauricio Perez & Scott Lamoreaux - Cervera Real Estate
- SF: 13,000
- PPSF: $1,173
The deal was facilitated by the brokers Mauricio Perez and Scott Lamoreaux from Cervera Real Estate, representing the buyer and seller in the transaction.
On the Map
$15,250,000
$1,173/SF
Condo
View full map
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Scott Lamoreaux to view all their deals.
Browse Miami condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93