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5801 Collins Avenue, Miami ...

Societe Real Estate Acquires Condo At 5801 Collins Ave Miami Beach For $4.35M
SOLD

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

Sarah Williams

Societe Real Estate

Broker

$118.6M

vol

8 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage

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