Alex Blavatnik Sells Condo On 3315 Collins Avenue, Miami Beach For $11,500,000
3315 Collins Avenue, Miami Beach, FL, USA
$11,500,000
$2,972/SF
Building Size
3,869 SF
Asset Type
—
Closing
Nov 29, 2020
About this deal
AI
The condominium located at 3315 Collins Avenue in Miami Beach has been sold. The property, spanning 4,730 square feet, was sold for a total price of $11,500,000. The selling price per square foot was $2,431. The transaction took place on November 30, 2020.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,500,000
- Address: 3315 Collins Avenue, Miami Beach
- Square Footage: 4,730
- Price per Square Foot: $2,431
The seller of the property was Alex Blavatnik, representing Access Industries. The brokerage agency involved in the sale was Douglas Elliman, with Oren Alexander acting as the broker in the deal.
Players
Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $3K per square foot on a published $11.5M for 3,869 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.38%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93