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1000 Biscayne Boulevard
SOLD

5701 Biscayne LLC Acquires Penthouse In Downtown Miami For $13.8M

1000 Biscayne Boulevard

14,510 SF
clock iconSold 1 year ago
Wendy Mendoza
Carlo Dipasquale
Pablo Alfaro
+ 4
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Summary

Sale
FLORIDA
14,510 sqft

A penthouse located at 1000 Biscayne Blvd in Downtown Miami has been sold for $13,800,000. The property, spanning 9,910 square feet, was purchased by 5701 Biscayne LLC from ZH Holdings Group LLC. The sale was facilitated by the seller's representatives, Oren Alexander and Isaac Lustgarten from Douglas Elliman, and the buyer's representative, Dina Goldentayer, also from Douglas Elliman. This transaction took place on March 23, 2020.

Summary of transaction details

  • Property Type: Penthouse
  • Transaction Amount: $13,800,000
  • Address: 1000 Biscayne Blvd
  • Market: Downtown Miami
  • Square Footage: 9,910
  • Price Per Square Foot: $1,393
  • Buyer: 5701 Biscayne LLC
  • Seller: ZH Holdings Group LLC
  • Seller's Representative: Oren Alexander and Isaac Lustgarten - Douglas Elliman
  • Buyer's Representative: Dina Goldentayer - Douglas Elliman

"We reduced the price to what we felt was truly market price. Once we reduced it to market, we had a bidding war instantly. It shows you the issue in Miami is not demand but just unrealistic sellers and their brokers willing to take overpriced listings," shared Oren Alexander, one of the seller's representatives.

Players

  • All

    9

  • Agents

    6

  • Agencies

    3

Wendy Mendoza's profile picture
Wendy Mendoza
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Real Estate Broker
$31M Sold
Carlo Dipasquale's profile picture
Pablo Alfaro's profile picture

Details

Deal Summary
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SOLD
IMAGE: Isaac Lustgarten, Oren Alexander & Dina Goldentayer DATE: 03/23/2020 ADDRESS: 1000 Biscayne Blvd MARKET: Downtown Miami ASSET TYPE: Penthouse PRICE: $13,800,000 SF: 9,910 PPSF: $1,393 BUYER: 5701 Biscayne LLC SELLER: ZH Holdings Group LLC SELLER’S REP: Oren Alexander & Isaac Lustgarten - Douglas Elliman BUYER’S REP: Dina Goldentayer - Douglas Elliman NOTE: “We reduced the price to what we felt was truly market price. Once we reduced it to market, we had a bidding war instantly. It shows you the issue in Miami is not demand but just unrealistic sellers and their brokers willing to take over-priced listings.” @OrenAlexander (@MansionGlobal)

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Address1000 Biscayne Boulevard

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