Pietro Belmonte Acquires Condo For $7M On Collins Ave In Miami Beach
10203 Collins Court, Miami Beach, FL, USA
$7,000,000
$2,020/SF
Building Size
3,464 SF
Asset Type
—
Closing
Oct 11, 2021
AI
Located at 10203 Collins Ave in Miami Beach, this condominium property has recently been sold in a closed transaction. The property spans approximately 3,464 square feet and is situated in a prime location. The sale price for this condo was $7,000,000, with an asking price of $7,405,000. This translates to a price per square foot of $2,021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,000,000
- Address: 10203 Collins Ave, Miami Beach
- Square Footage: 3,464
- Asking Price: $7,405,000
- Price Per Square Foot: $2,021
Pietro Belmonte from Douglas Elliman represented the buyer in this real estate deal. As the buyer's representative, he played a crucial role in facilitating the transaction and ensuring a smooth process. With his expertise in the market, Pietro Belmonte helped negotiate the final sale price and secure the condominium for his client.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93