Updated Oct 14, 2026
B.C.B Wealth Management Acquires $26M Portfolio Of Luxury Residences In Miami
1400 Biscayne Boulevard
$26,000,000
$1,288/SF
Building Size
20,186 SF
Asset Type
Package Deal
Closing
Sep 30, 2026
About this deal
AI
This transaction involves a portfolio acquisition of five luxury residences at Casa Bella Residences by B&B Italia. Located at 1400 Biscayne Boulevard in the Miami market, the total sale price was $26,000,000. The properties encompass 20,186 square feet, resulting in a price per square foot of $1,288.
Summary of transaction details:
- Property Type: Package Deal / Portfolio
- Transaction Amount: $26,000,000
- Address: 1400 Biscayne Boulevard
- Market: Miami
- Square Footage: 20,186
- Price per Square Foot: $1,288
- Buyer: B.C.B Wealth Management
- Seller: Jorge Pérez - Related Group and Alta Developers
- Broker Representatives: Christopher Garcia & Olga Monson - Fortune Christie’s International Real Estate
The deal involved Christopher Garcia from Fortune Christie’s International Real Estate representing the buyer, B.C.B Wealth Management, in the unique acquisition of luxurious real estate assets, including a three-level Upper Penthouse.
On the Map
$26,000,000
$1,288/SF
Package Deal
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93