One Ocean 601 LLC Acquires Condo At 1 Collins Avenue, Miami Beach For $5M
1 Collins Avenue, Miami Beach, FL, USA
$5,000,000
$200/SF
Building Size
25,000 SF
Asset Type
—
Closing
Dec 22, 2020
AI
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
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93