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2901 Collins Avenue, Miami ...

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

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

2901 Collins Avenue, Miami Beach, FL 33140

$3,000,000

$2,912/SF

Building Size

1,030 SF

Asset Type

Closing

Sep 15, 2021

AI

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

Compass

Broker

$160.6M

vol

5 deals

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93