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1000 Biscayne Boulevard, Mi...

Amit Raizada Acquires Downtown Miami Condo On 1000 Biscayne Blvd For $6.35M
SOLDCondo

Amit Raizada Acquires Downtown Miami Condo On 1000 Biscayne Blvd For $6.35M

1000 Biscayne Boulevard, Miami, Florida 33132, United States

$6,350,000

$1,380/SF

Building Size

4,600 SF

Asset Type

Condo

Closing

Apr 21, 2022

AI

A luxury condo at 1000 Biscayne Blvd Apt 1601 in Downtown Miami has been sold for $6,350,000. The property spans 4,600 square feet, with a price per square foot of $1,380. The deal was finalized on April 21, 2022, and the transaction was facilitated by Douglas Elliman.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $6,350,000
  • Address: 1000 Biscayne Blvd Apt 1601
  • Market: Downtown Miami

Amit Raizada is the buyer of the condo, while Thomas and Linda Knox are the sellers. The buyer was represented by Darin Tansey from Douglas Elliman, and Christopher M Wands, also from Douglas Elliman, represented the sellers. This sale showcases the strong demand for luxury properties in the vibrant Downtown Miami market.

Players

Darin Tansey

Douglas Elliman

Broker

$68.2M

vol

8 deals

Broker

Amit Raizada

Buyer

$42.4M

vol

3 deals

Buyer

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.50%

Cash-on-Cash

-0.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93