Naifeh And Lou Naser Purchase Condo At 300 Biscayne Boulevard For $15.25M With Lender Shawn Chemtov
300 Biscayne Boulevard
$15,250,000
$1,673/SF
Building Size
9,111 SF
Asset Type
Condo
Closing
Nov 19, 2024
About this deal
AI
The asset involved in this transaction is a condo located at 300 Biscayne Boulevard Unit 5701C in Miami. It was sold for a price of $15,250,000. The unit spans 9,111 square feet, leading to a price per square foot of $1,674.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $15,250,000
- Address: 300 Biscayne Boulevard Unit 5701C
- Market: Miami
- Buyer: Naifeh “Nina” Naser; Lou Naser - Global Wealth Partners
- Seller: Germán Coto - G&G Business Developments
- Broker: Alicia Cervera Lamadrid - Cervera Real Estate
- Lender: Shawn Chemtov - Chemtov Mortgage Group
- Buyer Representation: Lou Naser represents the buyer in the transaction.
The deal was facilitated by Alicia Cervera Lamadrid from Cervera Real Estate, representing the seller. The financing for this transaction was provided by Shawn Chemtov of Chemtov Mortgage Group. The property was sold to the Naser Family Trust, indicating a family investment in real estate.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $15.3M for 9,111 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93