Buyer Jasmin Brackett Of The Inside Network Acquires Condo For $1.5M From Seller Alyssa Morgan
2401 Collins Avenue
$1,500,000
$669/SF
Building Size
2,242 SF
Asset Type
Condo
Closing
Dec 11, 2024
AI
This transaction involves a condo located at 2401 Collins Avenue Unit 1510/1511 in Miami Beach. The property was sold for a price of $1,500,000 and has a total area of 2,242 square feet, resulting in a price per square foot of $669.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,500,000
- Square Footage: 2,242
- Price Per Square Foot: $669
- Address: 2401 Collins Avenue Unit 1510/1511
- Market: Miami Beach
- Buyer's Representative: Jasmin Brackett - The Inside Network
- Seller's Representative: Alyssa Morgan - The Inside Network
The representatives in this transaction were Jasmin Brackett, who represented the buyer, and Alyssa Morgan, who represented the seller. Both representatives are affiliated with The Inside Network, indicating a collaborative effort within the same agency for this sale.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93