Natalie De Banco Acquires Condo In Miami Beach For $2.4M
SOLD
$2,400,000
Florida
See Similar DealsCondo1,026 SF
Sold 03/13/2023
SOLD
Natalie De Banco Acquires Condo In Miami Beach For $2.4M
2201 Collins Avenue #1014
See Similar DealsCondo1,026 SF
Sold 03/13/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,339
Total Square Footage:1,026 SF
Transaction Type:Sale
A condo located at 2201 Collins Avenue in Miami Beach has been sold for a price of $2,400,000. The property has a total square footage of 1,026, resulting in a price per square foot of $2,339. The sale was completed on March 13, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,400,000
- Square Footage: 1,026
- Price per Square Foot: $2,339
The buyer of the condo is Natalie De Banco, while the seller is Eli Weingarten. Representing the seller in this transaction is Christopher Adeleke from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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