Lily Hakobyan Purchases Condo At 2201 Collins Avenue From Nikola Nozinic For $2.9M
SOLD
$2,900,000
Florida
See Similar DealsCondo1,287 SF
Sold 06/06/2025
SOLD
Lily Hakobyan Purchases Condo At 2201 Collins Avenue From Nikola Nozinic For $2.9M
2201 Collins Avenue
See Similar DealsCondo1,287 SF
Sold 06/06/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,253
Total Square Footage:1,287 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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