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6901 Collins Avenue, Miami ...

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

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

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

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker

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