Marlene Goldman Sells Miami Beach Condo For $1.3M As Seller's Rep
SOLD
$1,300,000
Florida
See Similar DealsCondo563 SF
Sold 04/30/2024
SOLD
Marlene Goldman Sells Miami Beach Condo For $1.3M As Seller's Rep
2201 Collins Avenue
See Similar DealsCondo563 SF
Sold 04/30/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,309
Total Square Footage:563 SF
Transaction Type:Sale
The property involved in this transaction is a condominium located at 2201 Collins Avenue LPH 1926 in Miami Beach. The sale price for this condo was $1,300,000 with a total area of 563 square feet, resulting in a price per square foot of $2,309.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,300,000
- Market: Miami Beach
- Seller's Representative: Marlene Goldman - Beachfront Realty
Marlene Goldman from Beachfront Realty represented the seller in this transaction as the seller's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$69,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,618.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,162.66
Annual Debt Service$73,951.96
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