Sivan Erten Of Erten Realty Group Represents Buyer In $2.6M Miami Beach Condo Sale
SOLD
Florida
See Similar DealsCondo1,026 SF
Sold 03/14/2025
SOLD
Sivan Erten Of Erten Realty Group Represents Buyer In $2.6M Miami Beach Condo Sale
2201 Collins Avenue
See Similar DealsCondo1,026 SF
Sold 03/14/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,534
Total Square Footage:1,026 SF
Transaction Type:Sale
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:
- Property Type: Condo
- Transaction Amount: $2,600,000
- Address: 2201 Collins Avenue Unit 1214
- Market: Miami Beach
- Square Footage: 1,026
- Price per Square Foot: $2,534
- Buyer's Representation: Sivan Erten - Erten Realty Group
- Seller's Representation: Wendy Cohen - One Sotheby’s International Realty
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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