David Pulley Of The Agency Represents Buyer In $4.475M Sale Of Miami Beach Condo
1 Collins Avenue
$4,475,000
$1,564/SF
Building Size
2,860 SF
Asset Type
Condo
Closing
Feb 28, 2025
AI
A condo located at 1 Collins Avenue Unit 604 was sold in the South of Fifth market in Miami Beach. The property encompasses a total area of 2,860 square feet and achieved a sale price of $4,475,000, resulting in a price per square foot of $1,564.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,475,000
- Sale Date: 02/28/2025
- Square Feet: 2,860
- Price Per Square Foot: $1,564
- Address: 1 Collins Avenue Unit 604
- Market: South of Fifth | Miami Beach
- Buyer's Representative: David Pulley - The Agency | Miami
- Seller's Representatives: Michael Duchon & Eloy Carmenate - The Corcoran Group
The transaction involved David Pulley representing the buyer from The Agency, while the seller was represented by Michael Duchon and Eloy Carmenate from The Corcoran Group. Each representative played a pivotal role in facilitating this sale between the buyer and seller.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.54%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93