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
About this deal
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.
On the Map
$5,000,000
$200/SF
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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