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6301 Collins Avenue, Miami ...

Updated Dec 21, 2023

Alexandre Serra Acquires Penthouse 7 In Miami Beach For $1.9M
SOLD

Alexandre Serra Acquires Penthouse 7 In Miami Beach For $1.9M

6301 Collins Avenue, Miami Beach, Florida 33141, United States

$1,900,000

$917/SF

Building Size

2,070 SF

Asset Type

Closing

Apr 28, 2022

About this deal

AI

An oceanfront penthouse located at 6301 Collins Ave, Penthouse 7, in Miami Beach has been sold in a recent transaction. The condo, with a total area of 2,070 square feet, was sold for a price of $1,900,000, resulting in a price per square foot of $918. This sale marks a record-breaking transaction, as it achieved the highest price per square foot among all the penthouses in the history of the building.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,900,000
  • Address: 6301 Collins Ave, Penthouse 7, Miami Beach
  • Market: Miami Beach

The buyer of the penthouse is Alexandre Serra, while the sellers are Sahar Sabri and Basim Sabri. Nils Jucaud of Charles Rutenberg Realty represented both parties in this transaction. Nils Jucaud can be contacted at 310-927-9831 for inquiries on achieving record pricing for prime properties. Congratulations to the buyer and seller on this successful sale!

Players

Nils Jucaud

Charles Rutenberg Realty

Broker

$1.9M

vol

1 deal

Broker

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $917 per square foot on a published $1.9M for 2,070 square feet (2022).

Visit Charles Rutenberg Realty to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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