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
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.
Players
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
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93