David Pulley Of Douglas Elliman Acquires Miami Beach Condo For $4.525M
1 Collins Avenue
$4,525,000
$1,822/SF
Building Size
2,483 SF
Asset Type
Condo
Closing
Jun 7, 2024
AI
Located at 1 Collins Avenue Unit 603 in Miami Beach's South of Fifth neighborhood, this condo spans 2,483 square feet. The property was recently sold for $4,525,000, equating to a price per square foot of $1,822.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $4,525,000
- Buyer's Representative: David Pulley - Douglas Elliman
- Seller's Representatives: Eloy Carmenate & Michael Duchon - The Corcoran Group
The deal was facilitated by David Pulley from Douglas Elliman representing the buyer, while Eloy Carmenate and Michael Duchon from The Corcoran Group represented the seller in this transaction.
Players
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
3.51%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93