Aston Martin Residences Sells Downtown Miami Condo For $6.1M
300 Biscayne Boulevard, Miami, Florida 33131, United States
$6,125,000
$1,537/SF
Building Size
3,984 SF
Asset Type
Mixed-use
Closing
Feb 17, 2022
AI
A luxury condo located at 300 Biscayne Boulevard Way in Downtown Miami has recently sold for a whopping $6,125,000. The property, known as the Aston Martin Residences, offers a spacious living area measuring 3,984 square feet, resulting in a price per square foot of $1,537. Situated in a prime market location, this condo provides a luxurious and convenient lifestyle for its new owner.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $6,125,000
- Date: 02/18/2022
- Address: 300 Biscayne Boulevard Way
- Market: Downtown Miami
- Seller: Aston Martin Residences
- Broker: Mallory McGuire - ONE Sotheby's International Realty
Mallory McGuire from ONE Sotheby's International Realty played a crucial role as the broker for this transaction. Her expertise and affiliation with a renowned realty firm ensured the successful completion of this sale. This deal not only showcases the allure of the Aston Martin Residences as a prestigious property, but also highlights the value of having a skilled representative like Mallory McGuire in a real estate transaction.
Players
Miami Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93