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3315 Collins Avenue, Miami ...

Andrew Brooks Of Sinclair Global Sells Condo In Miami Beach For $5.8M
SOLD

Andrew Brooks Of Sinclair Global Sells Condo In Miami Beach For $5.8M

3315 Collins Avenue, Miami Beach, Florida 33140, United States

$5,800,000

$1,323/SF

Building Size

4,381 SF

Asset Type

Closing

Mar 31, 2022

AI

Located in Miami Beach, this condo at 3315 Collins Ave, Unit 8C was recently sold for a whopping $5,800,000. With a total area of 2,238 square feet, this luxurious property offers a price per square foot of $2,592.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,800,000
  • Square Footage: 2,238
  • Price per Square Foot: $2,592
  • Address: 3315 Collins Ave, Unit 8C
  • Market: Miami Beach

The sale of this remarkable property was facilitated by Andrew Brooks of Sinclair Global, who represented the seller. On the other hand, Rachael Taylor from One Sotheby’s International Realty acted as the buyer's representative. Oliver Lloyd, from Douglas Elliman, played a crucial role as the seller's representative in this transaction.

Players

Oliver Lloyd

Douglas Elliman

Broker

$202.1M

vol

13 deals

Broker

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

2.73%

Cash-on-Cash

-0.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93