Multiplan Real Asset Management Sells Condo In Miami Beach For $36M
SOLD
$36,000,000
+ 2
Florida
See Similar Deals3,500 SF
Sold
SOLD
Multiplan Real Asset Management Sells Condo In Miami Beach For $36M
5775 Collins Avenue, Miami Beach, FL 33140, USA
See Similar Deals3,500 SF
Sold
+ 2
Summary
FLORIDA
Price Per Square Foot:$10285
Total Square Footage:3500 SF
Transaction Type:Sale
A condo located at 5775 Collins Ave in Miami Beach has recently been sold for a price of $36,000,000. The transaction took place on September 29, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $36,000,000
- Market: Miami Beach
The seller of the property was Multiplan Real Asset Management, represented by Marcelo Kingston and Jose Isaac Peres. The brokerage firm that facilitated the deal was Fortune International Group, with Edgardo Defortuna serving as the broker.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Similar News
No recent news available for this market
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Listings
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,920,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,900.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$170,658.37
Annual Debt Service$2,047,900.40
Is there something missing? Send suggestions