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

Property Image
SOLD
$4,525,000
David Pulley
Michael (Mick) Duchon
Eloy Carmenate

Florida

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Condo2,483 SF
Sold 06/07/2024
the dealplayerscompscontact
Property Image
SOLD

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

1 Collins Avenue

See Similar Deals
Condo2,483 SF
Sold 06/07/2024
David Pulley
Michael (Mick) Duchon
Eloy Carmenate
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,822
Total Square Footage:2,483 SF
Transaction Type:Sale

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
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
David Pulley
David Pulley
14 deals$67.3M volume(305) 794-1500
BROKER

Details

SOLD
IMAGE: Eloy Carmenate, David Pulley & Michael Duchon DATE: 06/07/2024 ADDRESS: 1 Collins Avenue Unit 603 MARKET: Miami Beach | South of Fifth ASSET TYPE: Condo BUYER'S REP: David Pulley (@David_Pulley) - Douglas Elliman (@DouglasElliman), (@DouglasEllimanFlorida) SELLER'S REP: Eloy Carmenate (@Eloy_Carmenate) & Michael Duchon (@Mick_Duchon) - The Corcoran Group (@TheCorcoranGroup) SALE PRICE: $4,525,000 SF: 2,483 ~ PPSF: $1,822

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

$241,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,076.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,450.81
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