Compass Brokers Complete $3.2M Off-Market Condo Sale In North Miami Beach
15701 Collins Avenue, North Miami Beach, Florida 33160, United States
$3,200,000
$2,036/SF
Building Size
1,571 SF
Asset Type
Condo
Closing
Apr 22, 2022
AI
Amanda Malone and Philip Scheinfeld facilitated the off-market sale of a condo located at 15701 Collins Ave in North Miami Beach. The property, measuring 1,571 square feet, was sold for a price of $3,200,000, resulting in a price per square foot of $2,037.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,200,000
- Date: 04/22/2022
- Address: 15701 Collins Ave
- Market: North Miami Beach
This transaction was handled by the Compass brokerage firm, with Amanda Malone and Philip Scheinfeld representing the parties involved. It marks the fourth successful deal in the building for the Philip Scheinfeld Team.
Note from Broker: This sale was executed entirely off-market, further highlighting the team's expertise and ability to secure deals discreetly.
Players
North 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93