Dennis Christopher Foley And Guadalupe Foley Acquire Miami Condo From German Coto For $22.5M
300 Biscayne Boulevard
$22,500,000
$2,482/SF
Building Size
9,063 SF
Asset Type
Condo
Closing
Feb 1, 2025
AI
The property involved in this transaction is a condo located at 300 Biscayne Boulevard WAY Unit 6001 in Miami. The sale price was $22,500,000, with a total square footage of 9,063 square feet, resulting in a price per square foot of $2,482.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $22,500,000
- Address: 300 Biscayne Boulevard WAY Unit 6001
- Market: Miami
- Square Footage: 9,063
- Price per Square Foot: $2,482
- Buyer: Dennis Christopher Foley & Guadalupe Foley
- Seller: German Coto - G&G Business
- Broker: Paulie Hankin - Cervera Real Estate
In this transaction, Cervera Real Estate Paulie Group represented the seller, German Coto - G&G Business, facilitating the sale to the buyers, Dennis Christopher Foley and Guadalupe Foley.
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93