Pat Solinger Acquires Miami Beach Condo From Regina Moraes For $3.95M
2201 Collins Avenue
$3,950,000
$2,284/SF
Building Size
1,729 SF
Asset Type
Condo
Closing
Sep 6, 2022
About this deal
AI
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.
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $4M for 1,729 square feet (2022).
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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