Oren Alexander & Tal Alexander Acquire Miami Beach Condo For $39.9M
6901 Collins Avenue, Miami Beach, Florida 33141, United States
$39,900,000
$18,706/SF
Building Size
2,133 SF
Asset Type
—
Closing
Dec 17, 2021
AI
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
- Property Type: Condo
- Transaction Amount: $39,900,000
- Address: 6901 Collins Ave PH-01
- Market: Miami Beach
- Buyer's Representative: Oren Alexander & Tal Alexander - Alexander Team - Douglas Elliman
- Seller's Representative: Michael Duchon & Eloy Carmenate - The Corcoran Group
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
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93