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1420 South Miami Avenue

Lionel Messi Under Contract To Purchase Condo At 1420 South Miami Avenue From Camilo Miguel Jr
SOLDCondo

Lionel Messi Under Contract To Purchase Condo At 1420 South Miami Avenue From Camilo Miguel Jr

1420 South Miami Avenue

Building Size

Asset Type

Condo

Closing

Apr 7, 2025

AI

The property asset involved in this transaction is a condo located at 1420 South Miami Avenue, situated in the Miami market. The condo is part of the Cipriani Residences Miami and includes a unit priced at $7.5 million. The development features an 80-story Brickell tower with a total of 397 luxury units along with premium amenities, such as Cipriani dining, a private speakeasy, and a resort-style pool deck.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7.5 million
  • Buyer: Lionel Messi
  • Seller: Camilo Miguel Jr. - Mast Capital
  • Address: 1420 South Miami Avenue
  • Date: 04/07/2025
  • Market: Miami

The deal involves Lionel Messi, who is under contract to purchase multiple units at the Cipriani Residences Miami, which includes a home in the exclusive Canaletto Collection. The seller, Camilo Miguel Jr., represents Mast Capital, the developer of the 80-story Brickell tower.

Players

Camilo Miguel Jr.

Mast Capital

Seller

$171.1M

vol

6 deals

Seller

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93