Sara Crown Star & James A. Star Acquire Miami Beach Condo At 3737 Collins Avenue PH-3 For $13.4M
3737 Collins Avenue, Miami Beach, FL, USA
$13,433,000
$3,434/SF
Building Size
3,911 SF
Asset Type
—
Closing
Feb 16, 2021
AI
A luxury condo located at 3737 Collins Avenue PH-3 in Miami Beach has been sold for a record-breaking price of $13,433,000. This stunning property spans over 3,911 square feet, offering its residents a spacious living environment. The sale price per square foot for this condo amounts to $3,435, showcasing its exclusivity and desirability in the market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,433,000
- Address: 3737 Collins Avenue PH-3
- Market: Miami Beach
The buyers of this remarkable condo are Sara Crown Star and James A. Star. They are represented by Stacy Robins from Stacy Robins Companies, who ensured their interests were well-protected throughout the transaction. On the other hand, the sellers, Linden and Michelle Nelson, enlisted the services of Diane Lieberman and Anna Sherrill from One Sotheby's International Realty.
This successful sale represents a significant milestone in the real estate market, with both the buyers and sellers securing a mutually beneficial outcome. The attention to detail and expertise provided by the buyer's representative, Stacy Robins, played a crucial role in facilitating the transaction. Likewise, the seller's representatives, Diane Lieberman and Anna Sherrill, demonstrated their knowledge and negotiation skills, ensuring a seamless process for their clients.
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
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93