Kevin Wendle Acquires Condo On Collins Avenue, Miami Beach For $3.95M
2201 Collins Avenue #1228
$3,950,000
$3,188/SF
Building Size
1,239 SF
Asset Type
Condo
Closing
Feb 10, 2023
About this deal
AI
A condominium located at 2201 Collins Avenue, Miami Beach, has been sold for a total price of $3,950,000. The property, consisting of 1,239 square feet, was sold to Kevin Wendle. The transaction took place on 02/10/2023 and was facilitated by Monica Nishi from Miami Connections Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,950,000
- Address: 2201 Collins Avenue, Miami Beach
- Square Footage: 1,239
- Buyer: Kevin Wendle
- Seller Representative: Monica Nishi - Miami Connections Realty
The buyer, Kevin Wendle, acquired the condo located at 2201 Collins Avenue, Miami Beach. The transaction was overseen by Monica Nishi, representing the seller through Miami Connections Realty.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3.2K per square foot on a published $4M for 1,239 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.02%
Cash-on-Cash
-1.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93