Leila Centner Acquires MultiFamily Property On Biscayne Boulevard In Miami
3300 Biscayne Boulevard
$8,200,000
$410/SF
Building Size
20,000 SF
Asset Type
MultiFamily
Closing
Aug 21, 2023
AI
A multi-family property located at 3300 Biscayne Boulevard in Miami has been sold. The property consisted of 20 units with a total square footage of 20,000. The asking price for the property was $9,500,000, and it was eventually sold for $8,200,000. This translates to a price per unit of $410,000 and a price per square foot of $410.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $8,200,000
- Address: 3300 Biscayne Boulevard
- Market: Miami
- Units: 20
- Price per Unit: $410,000
- Total Square Footage: 20,000
- Price per Square Foot: $410
The buyer of the property is Leila Centner, while the sellers are Micheal Cosculluela and Daniel Marzano. The broker representing the transaction is Joel Rodriguez from Global Investments Realty.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93