Updated May 12, 2025
Senada Adzem & Kim Klotz Of Douglas Elliman Represent Buyer In Miami Multifamily Sale For $7.45M
1000 Biscayne Boulevard
$7,450,000
$4,431/SF
Building Size
1,681 SF
Asset Type
MultiFamily
Closing
Apr 3, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 1000 Biscayne Boulevard in Miami. The sale price of the property was $7,450,000. The square footage of the asset measures 1,681, with a price per square foot calculated at $4,431.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,450,000
- Address: 1000 Biscayne Boulevard
- Market: Miami
- Square Footage: 1,681
- Price Per Square Foot: $4,431
- Buyer's Representative: Senada Adzem & Kim Klotz - Douglas Elliman
- Seller's Representative: Eva Garzon - The Grand Lion Real Estate Group
The key individuals in this deal include the buyer's representatives, Senada Adzem and Kim Klotz, affiliated with Douglas Elliman. The seller's representative is Eva Garzon, representing The Grand Lion Real Estate Group, playing a crucial role in facilitating this transaction.
On the Map
$7,450,000
$4,431/SF
MultiFamily
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Miami 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
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93