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Oren Alexander & Tal Alexander Acquire Miami Beach Condo For $39.9M

Property Image
SOLD
$39,900,000
Gillian Fessler
Tal Alexander
+ 3

Florida

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2,133 SF
Sold 12/17/2021
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Property Image
SOLD

Oren Alexander & Tal Alexander Acquire Miami Beach Condo For $39.9M

6901 Collins Avenue, Miami Beach, Florida 33141, United States

See Similar Deals
2,133 SF
Sold 12/17/2021
Gillian Fessler
Tal Alexander
+ 3
Contact now

Summary

FLORIDA
Price Per Square Foot:$18,706
Total Square Footage:2,133 SF
Transaction Type:Sale

The recently closed property transaction in Miami Beach involved a condominium located at 6901 Collins Ave PH-01. The condo spans across 7,945 square feet and was sold for a price of $39,900,000, resulting in a price per square foot of $5,022. This luxury asset is situated in the vibrant Miami Beach market.

Summary of Transaction Details

The deal was facilitated by Oren Alexander and Tal Alexander from the Alexander Team, representing the buyer, and Michael Duchon and Eloy Carmenate from The Corcoran Group, representing the seller. The involvement of these experienced professionals ensured smooth negotiations and successful completion of the transaction.

Players

Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER

Oren Alexander
Official
106 deals$2B volume(305) 610-4559
BROKER

Tal Alexander
Official
83 deals$1.8B volume(212) 951-0071
BROKER

Michael (Mick) Duchon
The Corcoran Group
36 deals$670.3M volume(732) 754-7535
BROKER

Gillian Fessler
Douglas Elliman
6 deals$79.5M volume
BROKER

Wictor Arraes
Compass
3 deals$54.3M volume
BROKER

Details

SOLD
IMAGE: Eloy Carmenate, Oren Alexander, Tal Alexander & Michael Duchon DATE: 12/17/2021 ADDRESS: 6901 Collins Ave PH-01 MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Oren Alexander (@OrenAlexander) & Tal Alexander (@TalAlexander) - Alexander Team (@AlexanderTeam) - Douglas Elliman (@DouglasElliman) SELLER'S REP: Michael Duchon & Eloy Carmenate (@Eloy_Carmenate) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $39,900,000 SF: 7,945 ~ PPSF: $5,022

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$2,128,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$141,756.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$189,146.36
Annual Debt Service$2,269,756.27