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300 Biscayne Boulevard, Mia...

Aston Martin Residences Sells Downtown Miami Condo For $6.1M
SOLDMixed-use

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

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

Mallory McGuire

Sotheby's International Realty

Broker

$73.2M

vol

10 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage
Compass
CompassBrokerage

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