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2201 Collins Avenue

Eberhard Penz Purchases Condo At 2201 Collins Avenue In Miami Beach For $1.4M
SOLDCondo

Eberhard Penz Purchases Condo At 2201 Collins Avenue In Miami Beach For $1.4M

2201 Collins Avenue

$1,400,000

$2,439/SF

Building Size

574 SF

Asset Type

Condo

Closing

Apr 1, 2026

AI

The asset involved in this transaction is a condo located at 2201 Collins Avenue Unit 1718 in the Miami Beach market. The sale price of the property was $1,400,000. It encompasses a total area of 574 square feet, resulting in a price per square foot of $2,439.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,400,000
  • Address: 2201 Collins Avenue Unit 1718
  • Market: Miami Beach
  • Square Footage: 574
  • Price Per Square Foot: $2,439
  • Buyer: Eberhard Penz
  • Seller: Richard Friedman
  • Buyer's Representative: Christopher Adeleke - Douglas Elliman
  • Seller's Representative: Matthew Dugow - Compass

The transaction was facilitated by Christopher Adeleke representing the buyer Eberhard Penz, while Matthew Dugow represented the seller Richard Friedman. Both representatives are affiliated with their respective real estate agencies, Douglas Elliman and Compass.

Players

Matthew Dugow

Compass

Broker

$947.5M

vol

31 deals

Broker

Eberhard Penz

Buyer

$1.4M

vol

1 deal

Buyer

Richard Friedman

Seller

$1.4M

vol

1 deal

Seller

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

11.33%

Cash-on-Cash

-3.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93