Pierre Gasly Purchases Condo In Miami For $4.9M With Representation From Nicole Cardona And Hans Baumgartner
3501 Northeast 1st Avenue
$4,900,000
$1,320/SF
Building Size
3,712 SF
Asset Type
Condo
Closing
Feb 4, 2026
AI
A condo located at 3501 Northeast 1st Avenue in Miami has been sold for $4,900,000. This unit spans 3,712 square feet and features a unique sky home layout within the Jean-Georges Miami Tropic Residences, which is a 49-story luxury condo tower developed by Terra and Lion Development Group. The four-bedroom unit includes a private elevator and terrace, catering to high-end residential living.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,900,000
- Address: 3501 Northeast 1st Avenue
- Market: Miami
- Square Footage: 3,712
- Price per Square Foot: $1,320
- Buyer: Pierre Gasly
- Seller: David Martin - Terra; Michael Simkins - Lion Development Group
- Buyer’s Representatives: Nicole Cardona - Douglas Elliman; Hans Baumgartner - Miami Real Investment; Tara Ramos - P3PP3R Entertainment
Pierre Gasly's purchase was facilitated by a team of experienced representatives, including Nicole Cardona from Douglas Elliman, who served as the in-house agent. Additionally, Hans Baumgartner from Miami Real Investment participated in representing the buyer, while Tara Ramos of P3PP3R Entertainment played a crucial role in the successful completion of this transaction. The condo project is noted for its Arquitectonica design and Yabu Pushelberg interiors, complemented by amenities curated by chef Jean-Georges across five floors.
Players
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93