David Torres Purchases Condo From Michael Cunningham For $1.6M At 1100 Biscayne Boulevard
1100 Biscayne Boulevard
$1,600,000
$759/SF
Building Size
2,106 SF
Asset Type
Condo
Closing
Aug 17, 2025
About this deal
AI
The property asset involved in this transaction is a condo located at 1100 Biscayne Boulevard Unit 4901 in Miami. It was sold for a price of $1,600,000, encompassing a total square footage of 2,106, which translates to a price per square foot of $759.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $1,600,000
- Address: 1100 Biscayne Boulevard Unit 4901
- Market: Miami
- Size: 2,106 SF
- Price Per Square Foot: $759
- Buyer: David Torres
- Seller: Michael Cunningham
- Brokers: Giovanni Mancini & Mina Taskiran - Sotheby's International Realty
Giovanni Mancini and Mina Taskiran represented the seller, Michael Cunningham, in the deal, facilitating the transaction in the Miami market. The notable aspect of this property is its impressive views of Collins Ave, La Gorce Island, and the Miami Skyline, as indicated in the note from the broker.
On the Map
$1,600,000
$759/SF
Condo
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Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $759 per square foot on a published $1.6M for 2,106 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93