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17141 Collins Ave, North Mi...

Ofir Gabriel Acquires Condo Unit In North Miami Beach, FL From Marc D Schmulian
SOLD

Ofir Gabriel Acquires Condo Unit In North Miami Beach, FL From Marc D Schmulian

17141 Collins Ave, North Miami Beach, Florida, USA

$4,122,500

$1,263/SF

Building Size

3,262 SF

Asset Type

Closing

Nov 11, 2021

AI

The property at 17141 Collins Ave in North Miami Beach, FL has been sold in a closed transaction. The condo unit, with a size of 3,262 square feet, was purchased by Ofir Gabriel from the seller, Marc D Schmulian, on November 12, 2021. The transaction price for the property was $4,122,500, resulting in a price per square foot of $1,264.

Summary of transation details

  • Property Type: Condo Unit
  • Transaction Amount: $4,122,500
  • Buyer: Ofir Gabriel
  • Seller: Marc D Schmulian
  • Address: 17141 Collins Ave, North Miami Beach, FL
  • Square Feet: 3,262 sqft
  • Price Per Square Foot: $1,264

Ofir Gabriel was represented by their broker in this transaction.

Players

Marc D Schmulian

S2 Development

Seller

$14.1M

vol

2 deals

Seller

North 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

3.85%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93