David Pulley Of The Agency Represents Buyer In $4.475M Sale Of Miami Beach Condo
SOLD
$4,475,000
Florida
See Similar DealsCondo2,860 SF
Sold 02/28/2025
SOLD
David Pulley Of The Agency Represents Buyer In $4.475M Sale Of Miami Beach Condo
1 Collins Avenue
See Similar DealsCondo2,860 SF
Sold 02/28/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,564
Total Square Footage:2,860 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$238,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,898.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,213.78
Annual Debt Service$254,565.40
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