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10203 Collins Court, Miami ...

Pietro Belmonte Acquires Condo For $7M On Collins Ave In Miami Beach
SOLD

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.

Players

Pietro Belmonte

Douglas Elliman

Broker

$97.9M

vol

16 deals

Broker

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