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
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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