—Condo
Tony Robbins Buys $28 Million Penthouse At Waldorf Astoria Miami With Rick Teed As Buyer's Rep
300 Biscayne Boulevard
Building Size
7,000 SF
Asset Type
Condo
Closing
Dec 18, 2024
About this deal
AI
The transaction involves a condo located at 300 Biscayne Boulevard in Miami, with a price of $28,000,000. This penthouse spans 7,000 square feet, amounting to a price per square foot of $4,000. The building, Waldorf Astoria Hotel & Residences Miami, will be the first supertall tower in the area upon its completion in 2028.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $28,000,000
- Buyer: Tony Robbins
- Buyer's Representative: Rick Teed - The Agency
- Seller's Representative: Aura Aragon - PMG Residential
- Square Footage: 7,000
- Price per Square Foot: $4,000
Life coach Tony Robbins is securing a space for his family office within the building. The unit features a private plunge pool, terrace views, and incorporates smart home technology.
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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