Thomas Robert Purchases Miami Beach Condo From James Douglas For $1.7M With Broker Christopher Adeleke
SOLD
$1,700,000
Florida
See Similar DealsCondo1,054 SF
Sold 12/18/2024
SOLD
Thomas Robert Purchases Miami Beach Condo From James Douglas For $1.7M With Broker Christopher Adeleke
2201 Collins Avenue
See Similar DealsCondo1,054 SF
Sold 12/18/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,612
Total Square Footage:1,054 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 2201 Collins Avenue Unit 329 in Miami Beach. The sale price was $1,700,000, with a total square footage of 1,054 and a price per square foot of $1,612.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,700,000
- Address: 2201 Collins Avenue Unit 329
- Market: Miami Beach
- Square Footage: 1,054
- Price per Square Foot: $1,612
- Buyer: Thomas Robert
- Seller: James Douglas
- Broker: Christopher Adeleke - Douglas Elliman
The key individuals involved in this transaction include the buyer, Thomas Robert, and the seller, James Douglas, with Christopher Adeleke representing the seller in this deal through Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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