Duncan Robinson Acquires $4.5M Condo At Villa Miami With Caroline Nava, Julian Calderin & Sari Libbin Of Douglas Elliman
$4,500,000
Building Size
—
Asset Type
Condo
Closing
Nov 28, 2023
AI
Miami Heat's Duncan Robinson has purchased a $4.5 million pre-construction condo at Villa Miami, the inaugural luxury tower developed by Major Food Group. The condo features 72 units, a helipad, and a private dock. Construction for the 58-story tower is set to begin in early 2024 and is expected to be completed by late 2026. The property will also offer amenities managed by MFG, including a waterfront restaurant.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,500,000
- Market: Miami
- Buyer: Duncan Robinson - Miami Heat
- Brokers: Caroline Nava, Julian Calderin & Sari Libbin - Douglas Elliman
Duncan Robinson, a professional basketball player for the Miami Heat, enlisted the services of Caroline Nava, Julian Calderin, and Sari Libbin from Douglas Elliman as his brokers in this real estate transaction.
Players
Market 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93