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5875 Collins Avenue, Miami ...

Meda Calina Sells Miami Beach Condo On Collins Ave For $3M Via Alyssa Morgan - Sotheby's Intl Realty & Valentina Georgecsu - Miami Vip Realty
SOLD

Meda Calina Sells Miami Beach Condo On Collins Ave For $3M Via Alyssa Morgan - Sotheby's Intl Realty & Valentina Georgecsu - Miami Vip Realty

5875 Collins Avenue, Miami Beach, Florida 33140, United States

$3,000,000

$1,739/SF

Building Size

1,725 SF

Asset Type

Closing

Jan 4, 2022

AI

A condo located at 5875 Collins Ave in Miami Beach has been sold for $3,000,000. The property, owned by Meda Calina, spans across 1,725 square feet and has a price per square foot of $1,739.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,000,000
  • Address: 5875 Collins Ave, Miami Beach

The sale of the condo was facilitated by two brokers, Alyssa Morgan from ONE Sotheby's International Realty and Valentina Georgecsu from Miami Vip Realty.

Players

Matthew Dugow

Compass

Broker

$947.5M

vol

31 deals

Broker
Sotheby's International Realty
Sotheby's 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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93