Scott Minerd's Guggenheim Partners Acquires Miami Condo For $12.5M
2900 NE 7th Ave, Miami, FL, USA
$12,500,000
$766/SF
Building Size
16,312 SF
Asset Type
—
Closing
Apr 12, 2021
About this deal
AI
Located at 2900 NE 7th Ave in Miami, this condominium was recently sold in a closed transaction. The property spans 16,312 square feet and is valued at $12,500,000. With a price per square foot of $766, this condo offers a luxurious living space.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,500,000
- Buyer: Scott Minerd - Guggenheim Partners
- Seller: Two Roads Development
- Brokers: Bill Hernandez & Bryan Sereny - Douglas Elliman
Scott Minerd, representing Guggenheim Partners, acted as the buyer in this transaction. Two Roads Development, the seller, successfully completed the sale with the assistance of brokers Bill Hernandez and Bryan Sereny from Douglas Elliman. The high-profile nature of this deal showcases the involvement of reputable individuals and companies in the real estate industry.
Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Bryan Sereny to view all their deals.
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93