One Ocean 707 LLC Acquires Condo At 1 Collins Avenue Miami Beach For $6.45M
1 Collins Avenue
$6,450,000
$2,074/SF
Building Size
3,110 SF
Asset Type
Condo
Closing
Jan 19, 2021
About this deal
AI
A condominium unit located at 1 Collins Avenue in Miami Beach has been sold. The property, spanning 3,110 square feet, was sold for a price of $6,450,000, resulting in a price per square foot of $2,074. The sale took place on January 19, 2021.
Summary of transaction details
- Property Type: Condo
- Sale Price: $6,450,000
- Square Footage: 3,110
- Price Per Square Foot: $2,074
- Address: 1 Collins Avenue, Miami Beach
The buyer of the property is One Ocean 707 LLC, while the seller is Randy Frankel. Brett Eaglstein from Compass represented the buyer in the transaction, while Eloy Carmenate and Michael Duchon from Douglas Elliman acted as the seller's representatives.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Deal FAQ
Visit Brett Eaglstein to view all their deals.
Browse Miami Beach condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.46%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93