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5775 Collins Avenue, Miami ...

Kim Cameron Acquires Condo In Miami Beach For $7.5M
SOLD

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

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

Hayley Wilson from Compass represented the buyer, Kim Cameron, and Christopher Jude from Fortune International Realty represented the seller, Multiplan.

Players

Dean Bloch

Douglas Elliman

Broker

$87.5M

vol

12 deals

Broker
Fortune International Realty
Fortune International RealtyBrokerage

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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93