Kim Cameron Acquires Condo In Miami Beach For $7.5M
SOLD
$7,500,000
Florida
See Similar Deals1,245 SF
Sold 10/19/2021
SOLD
Kim Cameron Acquires Condo In Miami Beach For $7.5M
5775 Collins Avenue, Miami Beach, FL 33140
See Similar Deals1,245 SF
Sold 10/19/2021
Summary
FLORIDA
Price Per Square Foot:$6,024
Total Square Footage:1,245 SF
Transaction Type:Sale
A condo located at 5775 Collins Ave, Unit 1601 in Miami Beach has been sold for $7,500,000. The property has a total square footage of 3,443, resulting in a price per square foot of $2,178. The sale was completed on October 19, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,500,000
- Address: 5775 Collins Ave, Unit 1601, Miami Beach
- Market: Miami Beach
- Seller: Multiplan
- Seller's Representative: Christopher Jude – Fortune International Realty
- Buyer: Kim Cameron
- Buyer's Representative: Hayley Wilson - Compass
Hayley Wilson from Compass represented the buyer, Kim Cameron, and Christopher Jude from Fortune International Realty represented the seller, Multiplan.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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