Multiplan Real Asset Management Sells Condo In Miami Beach For $36M
5775 Collins Avenue, Miami Beach, FL 33140, USA
$36,000,000
$10,285/SF
Building Size
3,500 SF
Asset Type
—
Closing
Sep 29, 2021
AI
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
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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93