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
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