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5959 Collins Avenue, Miami ...

Jelena Khurana & Julian Johnston Sell Miami Beach Condo For $5.55M
SOLD

Jelena Khurana & Julian Johnston Sell Miami Beach Condo For $5.55M

5959 Collins Avenue, Miami Beach, Florida 33140, United States

$5,550,000

$1,875/SF

Building Size

2,959 SF

Asset Type

Closing

Jan 26, 2022

AI

A condo property located at 5959 Collins Avenue in Miami Beach was recently sold for $5,550,000. The sale took place on January 21, 2022. The condo spans across 3,807 square feet and has a price per square foot of $1,458.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,550,000
  • Address: 5959 Collins Avenue, Miami Beach
  • Square Footage: 3,807
  • Price per Square Foot: $1,458

The sale of this condo was facilitated by Jelena Khurana and Julian Johnston from The Corcoran Group. They represented the buyer and seller in this transaction.

Players

Jill Eber

Coldwell Banker

Broker

$1.1B

vol

46 deals

Broker

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

2.86%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93