Linger Trust Acquires Condo Unit In North Miami Beach For $12.21M
17749 Collins Avenue, North Miami Beach, Florida 33160, United States
$12,210,000
$2,649/SF
Building Size
4,609 SF
Asset Type
—
Closing
May 19, 2022
About this deal
AI
The property involved in this transaction is a condominium unit located at 17749 Collins Ave, North Miami Beach, FL. It has a total area of 4,609 square feet and was sold for a price of $12,210,000. The price per square foot for this property is $2,649.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $12,210,000
- Square Footage: 4,609
- Price per Square Foot: $2,649
- Address: 17749 Collins Ave, North Miami Beach, FL
The buyer in this transaction is Linger Trust, while the seller is Faina Weingarten.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.30%
Cash-on-Cash
-0.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93