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2401 Collins Avenue

Buyer Jasmin Brackett Of The Inside Network Acquires Condo For $1.5M From Seller Alyssa Morgan
SOLDCondo

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

Alyssa Morgan

The Inside Netwok

Broker

$95M

vol

26 deals

Broker

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