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David Weisburd Acquires Downtown Miami Condo For $4.375M With Brokers Seth Semilof & Kamal Hotchadani Of HL Real Estate Group And Ivan Ramirez Of One Sotheby's International Realty

851 Northeast 1st Avenue
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This property located in FL was sold for $4,375,000 about 2 years ago. The brokers of the deal were Mary May Yasol, Pier Paolo Visconti, Andrea Arcuri, Claudia Llanes, Kamal Hotchadani, Seth Semilof, and Ivan Ramirez

A luxury condominium unit located at 851 NE 1st Ave PH 5201 in Downtown Miami has recently been sold. The condo spans across 4,083 square feet and offers breathtaking views of the city. The property was sold for a price of $4,375,000, resulting in a price per square foot of $1,072.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,375,000
  • Address: 851 NE 1st Ave PH 5201, Downtown Miami
  • Market: Downtown Miami

The buyer of this exquisite condo is David Weisburd. Seth Semilof and Kamal Hotchadani from HL Real Estate Group, along with Ivan Ramirez from One Sotheby's International Realty, represented the buyer in this transaction.

It is noteworthy that the property was listed with an asking price of $4,500,000. However, the final sale price negotiated was $4,375,000, demonstrating the buyer's keen negotiation skills. This closed deal highlights the demand for luxury condos in the Downtown Miami market.

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Deals
  • Location
    851 Northeast 1st Avenue851 Northeast 1st Avenue
  • Sale Price
    $4,375,000$4,375,000
    $1,071 PPSF$1,071 PPSF
  • Area
    4,083 SF4,083 SF
  • Parties
    7 Brokers, 4 Agencies, 1 Lender7 Brokers, 4 Agencies, 1 Lender

Agents

Mary May Yasol

Mary May Yasol

Deals3
Sold$8.6M

Andrea Arcuri

Andrea Arcuri

Deals3
Sold$10.1M

Seth Semilof

Seth Semilof

Deals4
Sold$43.1M

Kamal Hotchadani

Kamal Hotchadani

Deals2
Sold$6.1M

Agencies

Coldwell Banker

Coldwell Banker

Agency
Deals1405
Volume$9.3B

Douglas Elliman

Douglas Elliman

Agency
Deals1571
Volume$18.3B

Compass

Compass

Agency
Deals2902
Volume$20.9B

Sotheby's International Realty

Sotheby's International Realty

Agency
Deals1411
Volume$12.5B

Kawa Capital Management

Kawa Capital Management

Lender
Deals2
Volume$ 271.5M

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Deal Summary

SALE IMAGE: Seth Semilof, Kamal Hotchadani, Ivan Ramirez & David Weisburd DATE: 02/17/2022 ADDRESS: 851 NE 1st Ave PH 5201 MARKET: Downtown Miami ASSET TYPE: Condo BUYER: David Weisburd (@DavidWNYC) BROKERS: Seth Semilof (@SethSemilof) & Kamal Hotchadani (@Kamal) - HL Real Estate Group & Ivan Ramirez (@Ramiriva) - One Sotheby's International Realty ASKING PRICE: $4,500,000 SALE PRICE: $4,375,000 SF: 4,083 ~ PPSF: $1,072

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