Compass FL Brokers Sell Miami Beach Condo For $3.7M | 5959 Collins Ave Deal
SOLD
$3,700,000
Florida
See Similar Deals2,952 SF
Sold 03/26/2021
SOLD
Compass FL Brokers Sell Miami Beach Condo For $3.7M | 5959 Collins Ave Deal
5959 Collins Ave, Miami Beach, FL, USA
See Similar Deals2,952 SF
Sold 03/26/2021
Summary
FLORIDA
Price Per Square Foot:$1,253
Total Square Footage:2,952 SF
Transaction Type:Sale
A condo located at 5959 Collins Ave in Miami Beach has been sold in a recent transaction. The property has a total square footage of 2,952 and was listed for an asking price of $3,899,900. The sale price of the condo was $3,700,000, resulting in a price per square foot of $1,253.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,700,000
- Address: 5959 Collins Ave, Miami Beach
- Square Footage: 2,952
- Asking Price: $3,899,900
- Price Per Square Foot: $1,253
The sale of this condo was facilitated by brokers Tony Perez, Karl Hueck, and Alberto Figueroa of Compass FL. They represented the parties involved in the transaction and ensured a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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