Elliman Represents Sale Of Resi Apt In Miami For $725K
1040 Biscayne Blvd Apt 2101, Miami, Fl 33132, Usa
$725,000
$377/SF
Building Size
1,920 SF
Asset Type
—
Closing
Aug 9, 2020
AI
1040 Biscayne Blvd in Miami has been sold for $725,000. This residential apartment, condo, and co-op house spans 1,920 square feet, resulting in a price per square foot of $377. Located in the heart of Miami, this property offers a great investment opportunity.
Summary of transaction details
- Property Type: Resi Apt / Condo / Co-Op / Houses
- Transaction Amount: $725,000
- Square Footage: 1,920
- Price per Square Foot: $377
- Address: 1040 Biscayne Blvd, Miami
This sale was the lowest priced transaction in the unit line in the last 5 years, making it an exceptional deal. For more information, you can contact Scott Porter of Elliman at 6319032511 or [email protected].
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.88%
Cash-on-Cash
-6.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93