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One Ocean 601 LLC Acquires Condo At 1 Collins Avenue, Miami Beach For $5M

Property Image
SOLD
$5,000,000
Daniel Nault
Jay Roberts
Brett Eaglstein
+ 4

Florida

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25,000 SF
Sold 12/23/2020
the dealplayerscompscontact
Property Image
SOLD

One Ocean 601 LLC Acquires Condo At 1 Collins Avenue, Miami Beach For $5M

1 Collins Avenue, Miami Beach, FL, USA

See Similar Deals
25,000 SF
Sold 12/23/2020
Daniel Nault
Jay Roberts
Brett Eaglstein
+ 4
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$200
Total Square Footage:25,000 SF
Transaction Type:Sale

One Ocean 601 LLC has purchased a condo unit located at 1 Collins Avenue, Miami Beach. The transaction, which closed on December 23, 2020, involved a property with a total area of 3,342 square feet. The selling price for this condo was $5,000,000, resulting in a price per square foot of $1,496.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $5,000,000
  • Address: 1 Collins Avenue, Miami Beach
  • Square Footage: 3,342

The seller in this transaction was Jeff Blau, representing the Related Companies. Dora Puig from Luxe Living Realty acted as the buyer's broker.

Players

Dora Puig
Luxe Living Realty
Dora Puig
86 deals$1.4B volume(305) 613-2118
BROKER
Eloy Carmenate
The Corcoran Group
Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER
Michael (Mick) Duchon
The Corcoran Group
Michael Duchon
36 deals$670.3M volume(732) 754-7535
BROKER
Brett Eaglstein
Compass
Brett Eaglstein
21 deals$154.9M volume
BROKER
Daniel Nault
Daniel Nault
5 deals$20.8M volume
BROKER
Jay Roberts
The Corcoran Group
Jay Roberts
1 deal$5M volume
BROKER
Luxury Living Realty
Luxury Living Realty
BROKERAGE
Jeff Blau
Related Companies
Jeff Blau
26 deals$18B volume
SELLER

Details

SOLD
IMAGE: Dora Puig & Jeff Blau DATE: 12/23/2020 ADDRESS: 1 Collins Avenue MARKET: Miami Beach ASSET TYPE: Condo BUYER: One Ocean 601 LLC SELLER: Jeff Blau - Related Companies BROKER: Dora Puig - Luxe Living Realty PRICE: $5,000,000 SF: 3,342 ~ PPSF: $1,496

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
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