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5959 Collins Avenue, Miami ...

Updated Oct 28, 2024

The Peebles Corp. Acquires Condo In Miami Beach For $3M
SOLD

The Peebles Corp. Acquires Condo In Miami Beach For $3M

5959 Collins Avenue, Miami Beach, FL, USA

$3,000,000

$1,013/SF

Building Size

2,959 SF

Asset Type

Closing

Apr 8, 2021

About this deal

AI

The property involved in this sale transaction is a condo located at 5959 Collins Avenue in Miami Beach. It spans a total area of 2,959 square feet. The sale price for this condo was $3,000,000, resulting in a price per square foot of $1,014.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $3,000,000
  • Address: 5959 Collins Avenue, Miami Beach
  • Square Footage: 2,959
  • Price per Square Foot: $1,014

In this transaction, the buyer's representatives were Katrina Peebles and Don Peebles from The Peebles Corp. They were assisted by Jill Eber from The Jills Zeder Group - Coldwell Banker. On the other hand, the seller, John Darvish, was represented by Raymond Bolduc from One Sotheby's International Realty.

Please note that no additional information was provided for this transaction.

Players

Jill Eber

Coldwell Banker

Broker

$1.1B

vol

46 deals

Broker
PC
Peebles Corp.Buyer

Don Peebles

Peebles Corp.

Buyer

$16M

vol

2 deals

Buyer

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1K per square foot on a published $3M for 2,959 square feet (2021).

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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

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