Fredy Guarin Sells Condo At 1100 Biscayne Boulevard Unit 6301 In Miami For $4.75M
SOLD
$4,750,000
Florida
See Similar DealsCondo3,831 SF
Sold 09/13/2024
SOLD
Fredy Guarin Sells Condo At 1100 Biscayne Boulevard Unit 6301 In Miami For $4.75M
1100 Biscayne Boulevard
See Similar DealsCondo3,831 SF
Sold 09/13/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,239
Total Square Footage:3,831 SF
Transaction Type:Sale
The property involved in the transaction is a condo located at 1100 Biscayne Boulevard Unit 6301 in the Miami market. It has a total square footage of 3,831 and was sold for a price of $4,750,000, which equates to a price per square foot of $1,239.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,750,000
- Square Footage: 3,831
- Price Per Square Foot: $1,239
- Address: 1100 Biscayne Boulevard Unit 6301
- Market: Miami
- Seller: Fredy Guarin
- Brokers: Juan Lozano & Juan Carlos Tobon - Tobon Group Real Estate - Cervera Real Estate
The transaction was facilitated by brokers Juan Lozano and Juan Carlos Tobon, representing the seller Fredy Guarin in the deal. Their association with Tobon Group Real Estate and Cervera Real Estate highlights the collaborative effort in closing this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$253,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,875.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,517.42
Annual Debt Service$270,209.08
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