Fundi Choudry Acquires Condo In Miami Beach For $1.24M With Broker Andres Londono
2901 Collins Avenue, Miami Beach, FL, USA
$1,240,000
$1,262/SF
Building Size
982 SF
Asset Type
—
Closing
Nov 17, 2020
AI
Isfundyar Choudry and Andres Londono have completed a closed property transaction in Miami Beach. The asset involved in this transaction is a condo located at 2901 Collins Avenue. The sale took place on November 18, 2020.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,240,000
- Square Footage: 982
- Price per Square Foot: $1,263
- Market: Miami Beach
Isfundyar Choudry, known as @Fundi.Choudry on Instagram, is the buyer in this transaction. The buyer's representative is Andres Londono from an undisclosed agency.
Players
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
12.79%
Cash-on-Cash
-3.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93