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3300 Biscayne Boulevard

Leila Centner Acquires MultiFamily Property On Biscayne Boulevard In Miami
SOLDMultiFamily

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

Joel Rodriguez

Global Investments Realty

Broker

$281.8M

vol

14 deals

Broker
DM
DLC Capital ManagementBuyer

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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