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1 Collins Avenue

David Pulley Of Douglas Elliman Acquires Miami Beach Condo For $4.525M
SOLDCondo

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:

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

Eloy Carmenate

The Corcoran Group

Broker

$584.2M

vol

32 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

3.51%

Cash-on-Cash

-1.00%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93