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2201 Collins Avenue

Lily Hakobyan Purchases Condo At 2201 Collins Avenue From Nikola Nozinic For $2.9M
SOLDCondo

Lily Hakobyan Purchases Condo At 2201 Collins Avenue From Nikola Nozinic For $2.9M

2201 Collins Avenue

$2,900,000

$2,253/SF

Building Size

1,287 SF

Asset Type

Condo

Closing

Jun 5, 2025

AI

The property asset involved in the transaction is a condo located at 2201 Collins Avenue Unit 711 in Miami Beach. It was sold for a price of $2,900,000, featuring a square footage of 1,287, which results in a price per square foot of $2,253.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,900,000
  • Address: 2201 Collins Avenue Unit 711
  • Market: Miami Beach
  • Square Footage: 1,287
  • Price per Square Foot: $2,253
  • Buyer: Lily Hakobyan
  • Seller: Nikola Nozinic
  • Broker: Christopher Adeleke - Douglas Elliman

This transaction marks the second time that Christopher Adeleke successfully represented and sold this residence at the W South Beach.

Players

Christopher Adeleke

Douglas Elliman

Broker

$32.4M

vol

12 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93