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Marlene Goldman & Ida Schwartz Sell Miami Beach Condo For $3M

Property Image
SOLD
$3,000,000

Florida

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1,030 SF
Sold 09/15/2021
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Property Image
SOLD

Marlene Goldman & Ida Schwartz Sell Miami Beach Condo For $3M

2901 Collins Avenue, Miami Beach, FL 33140

See Similar Deals
1,030 SF
Sold 09/15/2021
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Summary

FLORIDA
Price Per Square Foot:$2,912
Total Square Footage:1,030 SF
Transaction Type:Sale

Located at 2901 Collins Ave in Miami Beach, this condo was recently sold in a closed transaction. The property spans a total of 1,030 square feet and features a modern design. The sale price for this condo was $3,000,000, with an asking price of $3,150,000, resulting in a price per square foot of $2,913. The transaction was completed on September 15, 2021.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,000,000
  • Address: 2901 Collins Ave, Miami Beach
  • Square Footage: 1,030
  • Asking Price: $3,150,000
  • Price per Square Foot: $2,913

The sale of this condo was facilitated by Marlene Goldman of Beachfront Realty, who represented the buyer, and Ida Schwartz of Compass, who represented the seller. Both brokers played pivotal roles in ensuring a successful transaction.

Players

Ida Schwartz
5 deals$160.6M volume
BROKER

Marlene Goldman
Beachfront Realty
5 deals$19M volume(305) 401-7950
BROKER

Details

SOLD
IMAGE: Marlene Goldman & Ida Schwartz DATE: 09/15/2021 ADDRESS: 2901 Collins Ave MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Marlene Goldman (@MarleneGoldmanRealtor) - Beachfront Realty SELLER'S REP: Ida Schwartz - Compass ASKING PRICE: $3,150,000 SALE PRICE: $3,000,000 SF: 1,030 ~ PPSF: $2,913

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37