SOLDRetail
Joe Alexander Acquires Condo On 900 Biscayne Blvd, Miami From Seller Harry Keller
900 Biscayne Boulevard
$1,872,000
$270/SF
Building Size
6,917 SF
Asset Type
Retail
Closing
Aug 2, 2022
AI
The property involved in this transaction is a condo located at 900 Biscayne Blvd in Miami. The condo has a total square footage of 2,577, and the sale price for this property was $1,872,000, resulting in a price per square foot of $726.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,872,000
- Address: 900 Biscayne Blvd, Miami
- Buyer: Joe Alexander
- Seller: Harry Keller
- Brokers: Uccio Zecchini & Brandon Brugal - BZG International
Uccio Zecchini and Brandon Brugal from BZG International represented both the buyer and the seller in this transaction.
Players
Miami Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.47%
Cash-on-Cash
-2.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93