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2201 Collins Avenue

Sivan Erten Of Erten Realty Group Represents Buyer In $2.6M Miami Beach Condo Sale
SOLDCondo

Sivan Erten Of Erten Realty Group Represents Buyer In $2.6M Miami Beach Condo Sale

2201 Collins Avenue

$2,600,000

$2,534/SF

Building Size

1,026 SF

Asset Type

Condo

Closing

Mar 14, 2025

AI

This transaction involves a condo asset located at 2201 Collins Avenue Unit 1214 in Miami Beach. The property has a sale price of $2,600,000 and encompasses a total area of 1,026 square feet, which results in a price per square foot of $2,534.

Summary of transaction details:

The deal was facilitated by Sivan Erten from Erten Realty Group representing the buyer, while Wendy Cohen from One Sotheby’s International Realty represented the seller in this property transaction.

Players

Sivan Erten

Erten Realty Group

Broker

$22.7M

vol

4 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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93