facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

Condo

/

Sale

/

15701 Collins Avenue, North...

Compass Brokers Complete $3.2M Off-Market Condo Sale In North Miami Beach
SOLDCondo

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

Philip Scheinfeld

Compass

Broker

$206.4M

vol

25 deals

Broker

North Miami Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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