Karen Elmir Of Elmir Group Acquires $11M Penthouse On Biscayne Blvd In Downtown Miami
1000 Biscayne Boulevard
$11,000,000
$2,255/SF
Building Size
4,876 SF
Asset Type
Condo
Closing
May 18, 2020
AI
Located in Downtown Miami, this penthouse at 1000 Biscayne Blvd recently changed hands in a closed transaction. Spanning 10,000 square feet, the penthouse offers luxurious living space in the heart of the city. The property was sold for $11,000,000, with a price per square foot of $1,100.
Summary of transaction details
- Property Type: Penthouse 🚁
- Transaction Amount: $11,000,000
- Address: 1000 Biscayne Blvd, Downtown Miami
- Market: Downtown Miami
The sellers of this penthouse were Louis Birdman, Gregg Covin, and the Regalia Group. Representing the buyer, Karen Elmir of Elmir Group facilitated the transaction, while Harvey Daniels of One Sotheby's International Realty served as the seller's representative.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93