Thomas Robert Purchases Miami Beach Condo From James Douglas For $1.7M With Broker Christopher Adeleke
2201 Collins Avenue
$1,700,000
$1,612/SF
Building Size
1,054 SF
Asset Type
Condo
Closing
Dec 18, 2024
About this deal
AI
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.
On the Map
$1,700,000
$1,612/SF
Condo
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Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $1.7M for 1,054 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93