Adam Redolfi & Mehdi Mejjati Of Barnes International Realty Sell Miami Beach Condo For $4.1M
6365 Collins Ave, Miami Beach, FL, USA
$4,100,000
$647/SF
Building Size
6,337 SF
Asset Type
—
Closing
Nov 12, 2020
AI
The property involved in this transaction is a condo located at 6365 Collins Ave PH1 in Miami Beach. The sale was handled by Adam Redolfi, Managing Director, and Mehdi Mejjati, a Real Estate Consultant at Barnes International Realty. The transaction took place on 11/13/2020.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,100,000
- Indoor Square Footage: 3,337 sqft
- Price per Square Foot: $1,228
- Outdoor Square Footage: 3,000 sqft
- Market: Miami Beach
This record-breaking sale at the Akoya condo exceeded the highest sale per square foot ever recorded in the building by 40%. Adam Redolfi, as the Managing Director, and Mehdi Mejjati, as a Real Estate Consultant at Barnes International Realty, played a significant role in this achievement.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93