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.
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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
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93