Fred Hochberg & Tom Healy Acquire Condo At 3651 Collins Avenue, Miami Beach For $6M
3651 Collins Avenue, Miami Beach, FL, USA
$6,000,000
$1,586/SF
Building Size
3,783 SF
Asset Type
—
Closing
May 16, 2021
AI
The property involved in the transaction is a condo located at 3651 Collins Avenue in Miami Beach. The condo has a total area of 3,783 square feet and was sold for a price of $6,000,000. The price per square foot for this transaction was $1,586.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Address: 3651 Collins Avenue, Miami Beach
- Square Footage: 3,783
- Price per Square Foot: $1,586
The buyer in this transaction was Fred Hochberg and Tom Healy. They were represented by Jill Hertzberg from The Jills Zeder Group - Coldwell Banker. The seller was William Weiland, the owner of Presence Marketing/Dynamic Presence, who was represented by Alex Miranda and Joe Padula from Compass.
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93