Compass Brokers Ivan Chorney & Michael Martirena Sell Miami Beach Condo For $9.25M
8701 Collins Avenue, Miami Beach, Florida 33154, United States
$9,250,000
$2,945/SF
Building Size
3,140 SF
Asset Type
—
Closing
Feb 13, 2022
AI
A condo located at 8701 Collins Ave in Miami Beach has been sold in a recent transaction. The property, measuring 3,140 square feet, was listed for an asking price of $9,990,000. The sale was finalized at a price of $9,250,000, resulting in a price per square foot of $2,946. The transaction took place on February 14, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,250,000
- Address: 8701 Collins Ave, Miami Beach
The sale of the condo was facilitated by brokers Ivan Chorney and Michael Martirena from Compass. They represented the involved parties throughout the deal.
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
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93