Kim Cameron Acquires Condo In Miami Beach For $7.5M
5775 Collins Avenue, Miami Beach, FL 33140
$7,500,000
$6,024/SF
Building Size
1,245 SF
Asset Type
—
Closing
Oct 19, 2021
About this deal
AI
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.
On the Map
$7,500,000
$6,024/SF
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Players
Miami Beach CRE Market Snapshot
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Deal FAQ
About $6K per square foot on a published $7.5M for 1,245 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93