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Marko Gojanovic & Reid Heidenry Acquire Miami Beach Condo For $5.55M As Buyer's Reps

Property Image
SOLD
$5,550,000
Reid Heidenry
Marko Gojanovic
Michael (Mick) Duchon
+ 1

Florida

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Condo2,483 SF
Sold 05/28/2024
the dealplayerscompscontact
Property Image
SOLD

Marko Gojanovic & Reid Heidenry Acquire Miami Beach Condo For $5.55M As Buyer's Reps

1 Collins Avenue

See Similar Deals
Condo2,483 SF
Sold 05/28/2024
Reid Heidenry
Marko Gojanovic
Michael (Mick) Duchon
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,235
Total Square Footage:2,483 SF
Transaction Type:Sale

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

Eloy Carmenate
The Corcoran Group
Eloy Carmenate
32 deals$584.2M volume(305) 582-7179
BROKER
Michael (Mick) Duchon
The Corcoran Group
Michael Duchon
36 deals$670.3M volume(732) 754-7535
BROKER
Reid Heidenry
Sotheby's International Realty
Reid Heidenry
40 deals$454.9M volume(305) 942-7302
BROKER
Marko Gojanovic
Sotheby's International Realty
Marko Gojanovic
37 deals$513.4M volume(718) 360-5059
BROKER

Details

SOLD
IMAGE: Eloy Carmenate, Michael Duchon, Marko Gojanovic & Reid Heidenry DATE: 05/28/2024 ADDRESS: 1 Collins Avenue, Unit 508 MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Marko Gojanovic (@Marko_Gojanovic) & Reid Heidenry (@MrLuxuryGroup) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Michael Duchon (@Mick_Duchon) & Eloy Carmenate - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $5,550,000 UNITS: 1 ~ PPU: $5,550,000 SF: 3,041 ~ PPSF: $1,825

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$295,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
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