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1 Collins Avenue

Jaime Blatt Of Compass Represents Buyer In $3,725,000 Sale Of Miami Beach Condo
SOLDCondo

Jaime Blatt Of Compass Represents Buyer In $3,725,000 Sale Of Miami Beach Condo

1 Collins Avenue

$3,725,000

$1,821/SF

Building Size

2,045 SF

Asset Type

Condo

Closing

Jul 7, 2026

AI

The property involved in this transaction is a condo located at 1 Collins Avenue Unit 402 in the Miami Beach market. It was sold for $3,725,000, boasting a total square footage of 2,045, which equates to a price per square foot of $1,821.

Summary of transaction details:

This transaction was facilitated with the involvement of Jaime Blatt representing the buyer. The seller was represented by the duo of Taylor Richardson and Michael Duchon, both affiliated with The Corcoran Group, ensuring a comprehensive handling of the deal from both sides.

Players

Michael Duchon

The Corcoran Group

Broker

$771.4M

vol

42 deals

Broker

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

4.26%

Cash-on-Cash

-1.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93