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3651 Collins Avenue, Miami ...

Fred Hochberg & Tom Healy Acquire Condo At 3651 Collins Avenue, Miami Beach For $6M
SOLD

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

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

91 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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93