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Roxana Mirabal Purchases Condo In Miami Beach From Lawrence Lowen For $2.5 Million

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SOLD
$2,500,000

Florida

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Condo1,054 SF
Sold 01/17/2025
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Property Image
SOLD

Roxana Mirabal Purchases Condo In Miami Beach From Lawrence Lowen For $2.5 Million

2201 Collins Avenue

See Similar Deals
Condo1,054 SF
Sold 01/17/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,371
Total Square Footage:1,054 SF
Transaction Type:Sale

The property asset involved in this transaction is a condo located at 2201 Collins Avenue, Miami Beach. The sale price of the unit was $2,500,000, which equates to a price per square foot of $2,371. The condo encompasses a total area of 1,054 square feet.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,500,000
  • Address: 2201 Collins Avenue, Miami Beach
  • Square Footage: 1,054
  • Price Per Square Foot: $2,371
  • Buyer: Roxana Mirabal
  • Seller: Lawrence Lowen
  • Seller's Representative: Christopher Adeleke - Douglas Elliman

This transaction was facilitated by Christopher Adeleke from Douglas Elliman, who represented the seller, Lawrence Lowen, in the deal. The involvement of these professionals ensured a smooth negotiation process leading to the successful sale of the condo.

Players

Christopher Adeleke
12 deals$32.4M volume(305) 793-0072
BROKER

Details

SOLD
IMAGE: Christopher Adeleke DATE: 01/17/2025 ADDRESS: 2201 Collins Avenue MARKET: Miami Beach ASSET TYPE: Condo BUYER: Roxana Mirabal SELLER: Lawrence Lowen SELLER'S REP: Christopher Adeleke (@FreshPrinceChris) - Douglas Elliman (@DouglasElliman) SALE PRICE: $2,500,000 SF: 1,054 ~ PPSF: $2,371

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
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