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3315 Collins Avenue, Miami ...

Ken Griffin's Citadel Sells Miami Beach Condo Unit PHB For $11.15M
SOLD

Ken Griffin's Citadel Sells Miami Beach Condo Unit PHB For $11.15M

3315 Collins Avenue, Miami Beach, FL 33140, USA

$11,150,000

$3,468/SF

Building Size

3,215 SF

Asset Type

Closing

Jun 17, 2020

AI

Located at 3315 Collins Avenue Unit PHB in Miami Beach, this condominium is the subject of a recent sale transaction. The property spans 4,243 square feet and was sold for a price of $11,150,000, resulting in a price per square foot of $2,628. The sale took place on June 17, 2021.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $11,150,000
  • Address: 3315 Collins Avenue Unit PHB
  • Market: Miami Beach

The seller of this property is Ken Griffin, represented by Citadel. On the buyer's side, Cyril Matz from Douglas Elliman acted as the buyer's representative. The seller's representative in the deal was Ryan Mendell from Maxwell E. Realty.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker
Ken Griffin

Ken Griffin

Citadel

Seller

$993M

vol

20 deals

Seller

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

1.42%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93