Ken Griffin's Citadel Sells Miami Beach Condo Unit PHB For $11.15M
SOLD
$11,150,000
+ 4
Florida
See Similar Deals3,215 SF
Sold 06/17/2020
SOLD
Ken Griffin's Citadel Sells Miami Beach Condo Unit PHB For $11.15M
3315 Collins Avenue, Miami Beach, FL 33140, USA
See Similar Deals3,215 SF
Sold 06/17/2020
+ 4
Summary
FLORIDA
Price Per Square Foot:$3,468
Total Square Footage:3,215 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$594,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,613.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,856.69
Annual Debt Service$634,280.26
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