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16901 Collins Avenue, North...

Michael Green Acquires Condo Unit In North Miami Beach From Edgar Defortuna
SOLD

Michael Green Acquires Condo Unit In North Miami Beach From Edgar Defortuna

16901 Collins Avenue, North Miami Beach, Florida 33160, United States

$10,400,000

$1,855/SF

Building Size

5,604 SF

Asset Type

Closing

Jun 13, 1922

AI

A condo unit located at 16901 Collins Ave in North Miami Beach, FL was recently sold in a closed transaction. The property, with a total area of 5,604 square feet, was purchased by Michael Green from the seller, Edgar Defortuna, for a price of $10,400,000. The unit had a price per square foot of $1,856.

Summary of transaction details

  • Property Type: Condo Unit
  • Transaction Amount: $10,400,000
  • Address: 16901 Collins Ave, North Miami Beach, FL
  • Buyer: Michael Green
  • Seller: Edgar Defortuna
  • Total Square Feet: 5,604
  • Price per Square Foot: $1,856

Michael Green acquired the condo unit from Edgar Defortuna in this transaction. The deal was facilitated by their respective representatives, with Michael Green represented by his broker from [insert agency name] and Edgar Defortuna represented by his broker from [insert agency name].

Players

Michael Green

Buyer

$265.9M

vol

4 deals

Buyer

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

1.53%

Cash-on-Cash

-0.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93