Regency Development Group Inc Acquires Condo Unit In North Miami Beach For $3.13M
18101 Collins Ave, North Miami Beach, Florida, USA
$3,130,000
$755/SF
Building Size
4,144 SF
Asset Type
—
Closing
Nov 1, 2021
AI
The Condo Unit located at 18101 Collins Ave in North Miami Beach, FL was recently sold in a closed transaction. The property measures 4,144 square feet and has a price per square foot of $755. The sale took place on November 2, 2021, with a total transaction amount of $3,130,000.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $3,130,000
- Address: 18101 Collins Ave, North Miami Beach, FL
- Buyer: Regency Development Group Inc
- Seller: Light Palace 48 Corp
- Square Feet: 4,144
- Price Per Square Foot: $755
Regency Development Group Inc acted as the buyer in this transaction, while Light Palace 48 Corp was the seller. The deal was successfully completed, resulting in the transfer of ownership of the Condo Unit from the seller to the buyer.
Players
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
5.07%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93