Pat Solinger Acquires Miami Beach Condo From Regina Moraes For $3.95M
SOLD
$3,950,000
Florida
See Similar DealsCondo1,729 SF
Sold 09/06/2022
SOLD
Pat Solinger Acquires Miami Beach Condo From Regina Moraes For $3.95M
2201 Collins Avenue
See Similar DealsCondo1,729 SF
Sold 09/06/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,284
Total Square Footage:1,729 SF
Transaction Type:Sale
A condo located at 2201 Collins Avenue in Miami Beach was sold for $3,950,000. This property spans 1,729 square feet, with a price per square foot of $2,285.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $3,950,000
- Date of Sale: 09/06/2022
- Buyer: Pat Solinger
- Seller: Regina Moraes
- Seller's Representative: Christopher Adeleke - Douglas Elliman
The transaction highlights the involvement of key individuals, including the buyer, Pat Solinger, and the seller, Regina Moraes, with Christopher Adeleke representing the seller in this deal through Douglas Elliman.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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