Laurent Schockmel Acquires Office Condominiums From Martin Freddy In Downtown Miami For $900,000
150 Southeast 2nd Avenue
$900,000
$461/SF
Building Size
1,951 SF
Asset Type
Office
Closing
Sep 1, 2026
About this deal
AI
The sale involved two adjacent office condominium units totaling 1,951 square feet, located at 150 Southeast 2nd Avenue, Miami. The sale price was $900,000, translating to a price per square foot of $461. Unit 709 measures 755 square feet, while Unit 710 measures 1,196 square feet, positioned on the seventh floor of the Chase Bank Building in Downtown Miami’s Central Business District.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $900,000
- Buyer: Laurent Schockmel
- Seller: Martin Freddy
- Brokers: Fabio Faerman (Topcommercial) & Sebastian Faerman - FA Commercial
- Square Footage: 1,951 SF
- Price per Square Foot: $461
FA Commercial was instrumental in facilitating the transaction, highlighting its experience with the Chase Bank Building as the firm previously assisted in leasing an 851 square foot unit in 2025. The strategic location near major infrastructure and developments in Downtown Miami supports the continued demand for commercial space in the area.
On the Map
$900,000
$461/SF
Office
View full map
Players
Miami Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
About $461 per square foot on a published $900K for 1,951 square feet (2026).
Visit Sebastian Faerman to view all their deals.
Browse Miami office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93