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2201 Collins Avenue

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

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

2201 Collins Avenue

$2,500,000

$2,371/SF

Building Size

1,054 SF

Asset Type

Condo

Closing

Jan 17, 2025

AI

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

Douglas Elliman

Broker

$32.4M

vol

12 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

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93