Michael, I just replied to your email. Sorry for the delay. -Sep

😀

Thank you!

There are plenty of luxury condos with 300+ units. This more boutique high luxury condo residence like Mandarin Oriental in Brickell Key is very much in demand and supply is very very limited in Miami.

@@blackbookproperties umm… i know you guys know what buildings are coming online over the next few years. The overwhelming majority in prime lots near the water are almost this same model of hyper luxury large units. Then, if it is not this style its the polar opposite end of the spectrum where they do tiny units designed to be STR. Developers are failing the city. You’re highlighting the issue by looking at 1 metric “demand” for ultra rich and solving for that. So, don’t assume the people watching are stupid when you guys talk about how great this is for miami. It’s not. We’ll see minimal tax revenue from the 120 owners that we have to service in these developments and then we’re to be happy with the “exclusivity” that we don’t have access to. In exchange, another part of prime miami locked away from even above average performers indefinitely.

@@Khanfuzed1 I agree that it would be better if they could make more modest-sized or micro-units for primary homeowners. The challenge is that because of the financial requirements of pre-construction (40% down payment over the course of 2-ish years), the developers have to focus on the audiences that have that capability, which are the wealthy and or investors. It would be great if there could be a financial structure that would work for developers and end-users so that pre-construction would be more accessible to local end users, because then certainly developers would be more prone to come up with that product. By the way, that product does exist in the current market as well, but there are some neighborhoods where that is lacking for pre-construction at the moment. That said, the good news is that there is a LOT of existing product, including prime waterfront, that is relatively affordable and that end users can get access to with low down payments. If you or anyone you know wants a list of which buildings you can get into with low down payments (5-10%), just let us know. -Sep

Tell us more about this trap 🪤😀

5:19

Yes, ownership has its responsibilities and costs and yet it’s also rewarding. When you “buy” a car it’s never really yours. You have to pay the insurance company, the mechanic, tolls, lender, taxes, registration renewal, gas/electric, and yet it’s so satisfying! When you buy a condo, go down to use the grill, the pool, hot and cold plunge, see your landscaping done for you, and yet you never had to clean any of them or even call a vendor to take care of maintaining any of them, and then you leave for a month and not worry about someone breaking into your place because of in building security, it’s also so so satisfying!

Thanks for the message. We plan on getting into this in more detail in future videos, and it is very much dependent on so many factors. If you are interested in making a purchase, we can get into lots of specifics with you at any time. -Sep

Hope all is well. I have always had a love affair with Portofino. It’s the one of the OG’s of South of Fifth. The floor plans and views are interesting, and they have done a great job of keeping the place updated with timeless design decisions. -Sep Niakan

Thank you. Let us know if you have any q’s

Yes indeed.

Yes, Miami is attracting more wealthy and high net worth individuals to Miami, and the demand for this kind of condo product is very high indeed.

@@blackbookpropertiesthis doesn’t benefit miami or other brickell key residents very much… kind of silly to keep building these types of buildings. woohoo 10% of people will actually live here. itll cost 5-20mil a unit. No one will care after its built because of that

Whenever prices go up, there is certainly always a portion of the population that gets priced out.

I personally haven't looked into it in lots of detail, but the market has embraced it pretty well as far as I have heard from my team -Sep

This will definitely be built. 😁

Connect with us from condoblackbook dot com, and we will be happy to assist.

It really is!

hope you have 5-10 mil for a 2 bedroom 😞

@@Khanfuzed1 It actually starts at 4 i think. Also it starts at like 2300 square foot, thats a size of average usa home. Plus possibly best non beach location in all of the miami, and all made by top designers and actually mandarin hotels are ranked #1 when it comes to 5star hotel chains. This will be one of the most appreciating condos in miami.

@@don_kandon6006 im sure it will be lovely, but im not naive enough to think this benefits miami in any meaningful way. It’s taking prime real estate and basically making it relatively low density for ultra rich part timers. Itd be great to see these people collaborating on a product that would actually benefit a larger group

Glad you like it!

Super! Thanks for letting us know! We love the feedback.

Yes it does! In many ways!

Yes, there is always a give and take. On the other hand, all the land underneath the freeway will be made into highly walkable parks and sidewalks. It will be much more attractive and pedestrian friendly than what exists today.

Welcome aboard! Thank you so much. It is one of our favorite projects. It will be a very nice addition. Let us know if you need more information.

dont you think its' safe to assume that the people who are doing this project have thought of everything? c'mon now...

😁👍

New York has always had a long love affair with Miami and Miami Beach :)

Much appreciated! Thank you so much for the feedback! We love to hear it. Let us know if there's a topic you want us to cover!

Glad it was helpful!

It's launched! Let me know if you would like more info. You can send an email to contact at condoblackbook dot com or reach out to me via phone or text from my on our condoblackbook.com website

I do agree that insurance prices have gotten a bit out of hand. It seems now more providers are coming back to Florida, so hopefully prices will stabilize and even come down a bit.

With high density does come a bit of congestion. A chunk of that is all the construction going on. Once this burst of building is completed, hopefully the pace of building will be less disruptive than it is at the moment. 👍

Thank you! Cheers!

There are definitely less expensive places you can go to, but nothing - absolutely nothing - matches the Miami lifestyle 😀👍💪🏽

To each his own. Nothing wrong with renting, but most of our clients choose to buy for stability and equity growth 👍

@@blackbookpropertieswith these high monthlies, you probably can rent at a lower cost. From my understanding with no positive flow, not a good investment

Miami is a true wonder of the world. I have been here since 1999, and it just gets more dynamic and interesting every year. -Sep Niakan, Blackbook Properties, lic 3102146

Since 2021 till now more than 533 thousand cubans 🇨🇺 have migrated to the US where the majority live here in Miami and Florida. And thats without even counting the amount that are gonna migrate here the rest of this year which are projected to be another 260 thousand. So the cuban 🇨🇺 community alone has migration to Miami and Florida taken care of.

The wealthy keep moving to south Florida. For example, it’s home to the most billionaires in the world. A significant portion of the new construction being built cater exclusively to the wealthy.

Alot of the wealth in South America and the Caribbean is invested in Miami Realestate.

Hunh? It is? News to me. Where are you from?

Parking is on-site.

The beach still remains the most expensive when comparing apples to apples. The beach generally has older condos on the waterfront, so it might appear that prices are similar, but find me a condo on the water built in the same year and it will be more expensive on the beach.