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
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