Compass FL Brokers Sell Miami Beach Condo For $3.7M | 5959 Collins Ave Deal
5959 Collins Ave, Miami Beach, FL, USA
$3,700,000
$1,253/SF
Building Size
2,952 SF
Asset Type
—
Closing
Mar 25, 2021
AI
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.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93