Marko Gojanovic & Reid Heidenry Acquire Miami Beach Condo For $5.55M As Buyer's Reps
1 Collins Avenue
$5,550,000
$2,235/SF
Building Size
2,483 SF
Asset Type
Condo
Closing
May 28, 2024
AI
The property involved in the transaction is a condo located at 1 Collins Avenue, Unit 508 in Miami Beach. The sale price for the property was $5,550,000, with a size of 3,041 square feet, resulting in a price per square foot of $1,825.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,550,000
- Units: 1
- SF: 3,041
- PPSF: $1,825
- Address: 1 Collins Avenue, Unit 508
- Market: Miami Beach
The buyer's representatives for this deal were Marko Gojanovic and Reid Heidenry from Sotheby's International Realty, while the seller's representatives were Michael Duchon and Eloy Carmenate from The Corcoran Group.
Players
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
2.86%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93