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!
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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