Richard Gold Acquires $10.4M Miami Condo From Thalía Mottola & Tommy Mottola
SOLD
$10,400,000
Florida
See Similar Deals3,948 SF
Sold 04/02/2021
SOLD
Richard Gold Acquires $10.4M Miami Condo From Thalía Mottola & Tommy Mottola
9011 Collins Avenue, Surfside, FL, USA
See Similar Deals3,948 SF
Sold 04/02/2021
Summary
FLORIDA
Price Per Square Foot:$2,634
Total Square Footage:3,948 SF
Transaction Type:Sale
A condominium located at 9011 Collins Avenue Unit Ave S-307 in Miami has been sold for $10,400,000. The property has a total area of 3,948 square feet, resulting in a price per square foot of $2,634. The transaction took place on April 2, 2021.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $10,400,000
- Address: 9011 Collins Avenue Unit Ave S-307, Miami
- Square Footage: 3,948
- Price per square foot: $2,634
- Buyer: Richard Gold
- Seller: Thalía Mottola & Tommy Mottola - Mottola Media Group
- Broker: Ximena Penuela - Fort Realty
The property was sold by Thalía Mottola and Tommy Mottola of Mottola Media Group. The buyer, Richard Gold, was represented by Ximena Penuela from Fort Realty. The sale of this Miami condo marks a significant transaction in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$554,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,949.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,301.31
Annual Debt Service$591,615.67
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