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.
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