Societe Real Estate Acquires Condo At 5801 Collins Ave Miami Beach For $4.35M
5801 Collins Avenue, Miami Beach, Florida 33140, United States
$4,350,000
$945/SF
Building Size
4,599 SF
Asset Type
—
Closing
Feb 21, 2022
AI
The property involved in this transaction is a condo located at 5801 Collins Ave in Miami Beach. The sale took place on 02/22/2022. The property has a total square footage of 4,599 and was sold for a price of $4,350,000, resulting in a price per square foot of $946.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,350,000
- Address: 5801 Collins Ave, Miami Beach
- Buyer's Representative: Sarah Williams & Ginette Behar - Societe Real Estate
- Seller's Representative: Julian Cohen - The Jills Zeder Group - Coldwell Banker
- Asking Price: $4,595,000
- Square Footage: 4,599
- Price per Square Foot: $946
The buyer's representative in this transaction was Sarah Williams & Ginette Behar from Societe Real Estate. The seller's representative was Julian Cohen from The Jills Zeder Group - Coldwell Banker.
Players
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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93