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8701 Collins Avenue, Miami ...

Compass Brokers Ivan Chorney & Michael Martirena Sell Miami Beach Condo For $9.25M
SOLD

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

Michael Martirena

Compass

Broker

$317.5M

vol

25 deals

Broker
The Agency
The AgencyBrokerage

Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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