Dennis Christopher Foley And Guadalupe Foley Acquire Miami Condo From German Coto For $22.5M
SOLD
$22,500,000
Florida
See Similar DealsCondo9,063 SF
Sold 02/01/2025
SOLD
Dennis Christopher Foley And Guadalupe Foley Acquire Miami Condo From German Coto For $22.5M
300 Biscayne Boulevard
See Similar DealsCondo9,063 SF
Sold 02/01/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,482
Total Square Footage:9,063 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,200,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$79,937.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$106,661.48
Annual Debt Service$1,279,937.75
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