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
About this deal
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.
The commercial sale at 5775 Collins Avenue, Miami Beach, FL 33140, USA in Miami Beach, Florida sold for $36M in 2021. The building is 3,500 square feet, implying about 10.3K per square foot on the published price. Edgardo Defortuna, Ivan Chorney, Michael Martirena, Marcelo Kingston appear on the sale alongside Fortune International Realty, Compass. This page is the Miami Beach, Florida file for the 5775 Collins Avenue, Miami Beach, FL 33140, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach commercial set by closing date to see what else sold near 5775 Collins Avenue, Miami Beach, FL 33140, USA around 2021. Published consideration for 5775 Collins Avenue, Miami Beach, FL 33140, USA is $36M, dated 2021. Cite this Multiplan Real Asset Management Sells Condo In Miami Beach For $36M sale when underwriting similar commercial product around Miami Beach, Florida.
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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