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
About this deal
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].
On the Map
$10,400,000
$1,855/SF
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Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $10.4M for 5,604 square feet.
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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