facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

5775 Collins Avenue, Miami ...

Multiplan Real Asset Management Sells Condo In Miami Beach For $36M
SOLD

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

Michael Martirena

Compass

Broker

$317.5M

vol

25 deals

Broker
Marcelo Kingston

Marcelo Kingston

Seller

$176.3M

vol

4 deals

Seller

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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