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1040 Biscayne Blvd Apt 2101...

Elliman Represents Sale Of Resi Apt In Miami For $725K
SOLD

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

Darin Feldman

Broker

$125M

vol

12 deals

Broker

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