Jeff Walker - Alliance Entertainment Acquires Miami Beach Condo From Sobe W. Estate For $9.25M
SOLD
$9,250,000
Florida
See Similar Deals2,408 SF
Sold 11/01/2021
SOLD
Jeff Walker - Alliance Entertainment Acquires Miami Beach Condo From Sobe W. Estate For $9.25M
2201 Collins Ave, Miami Beach, FL, USA
See Similar Deals2,408 SF
Sold 11/01/2021
Summary
FLORIDA
Price Per Square Foot:$3,841
Total Square Footage:2,408 SF
Transaction Type:Sale
A two-story penthouse at the W South Beach in Miami Beach has sold for $9,250,000, setting a new record in the area. The property is located at 2201 Collins Ave, Unit 2006/UPH, and covers 2,408 square feet. The sale price translates to approximately $3,841 per square foot, making it one of the most expensive condos in the market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,250,000
- Address: 2201 Collins Ave 2006/UPH, Miami Beach
- Market: Miami Beach
The buyer of this lavish penthouse condo is Jeff Walker, representing Alliance Entertainment. The seller is Sobe W. Estate, represented by Daniel Tzinker of Tzinker International Realty. Steven Seigel of Compass acted as the buyer's representative in the deal.
This sale is notable for achieving a record-breaking price per square foot, reaching almost $4,000. It highlights the desirability and exclusivity of the W South Beach and demonstrates the high-end luxury real estate market in Miami Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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