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1 Collins Avenue

David Pulley Of The Agency Represents Buyer In $4.475M Sale Of Miami Beach Condo
SOLDCondo

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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 deals

Broker
The Agency
The AgencyBrokerage

Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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