Nikola Nozinic Acquires Condo On Collins Ave Miami Beach For $2.7M
SOLD
$2,700,000
Florida
See Similar DealsCondo1,121 SF
Sold 07/01/2022
SOLD
Nikola Nozinic Acquires Condo On Collins Ave Miami Beach For $2.7M
2201 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsCondo1,121 SF
Sold 07/01/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,408
Total Square Footage:1,121 SF
Transaction Type:Sale
The property involved in this transaction is a condominium located at 2201 Collins Ave, Miami Beach. It was sold on 07/01/2022 by Ernest O'Brien. The buyer, Nikola Nozinic, purchased the property for a total sale price of $2,700,000. The condo has a total area of 1,121 square feet and a price per square foot of $2,409.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $2,700,000
- Date: 07/01/2022
- Address: 2201 Collins Ave, Miami Beach
- Square Footage: 1,121
- Price per Square Foot: $2,409
The sale of this condo was facilitated by Christopher Adeleke from Douglas Elliman. He represented the seller, Ernest O'Brien, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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