Matador Equities LLC Acquires Condo In Miami Beach For $6.25M
SOLD
$6,250,000
Florida
See Similar DealsCondo1,450 SF
Sold 06/17/2022
SOLD
Matador Equities LLC Acquires Condo In Miami Beach For $6.25M
2901 Collins Avenue
See Similar DealsCondo1,450 SF
Sold 06/17/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,310
Total Square Footage:1,450 SF
Transaction Type:Sale
Matador Equities LLC has recently acquired a condo property located at 2901 Collins Ave, Miami Beach, FL 33140. The transaction took place on June 17, 2022, and the property was sold by Punjab RE LLC. The market in Miami Beach witnessed this sale, which involved a condo asset.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,250,000
- Address: 2901 Collins Ave, Miami Beach, FL 33140
- Market: Miami Beach
- Buyer: Matador Equities LLC
- Seller: Punjab RE LLC
- Broker: Marlene Goldman - Beachfront Realty
- Asking Price: $7,400,000
- Square Footage: 2,756
- Price Per Square Foot: $2,268
Marlene Goldman from Beachfront Realty represented the buyer, Matador Equities LLC, in this transaction. The sale price of $6,250,000 reflects a price per square foot of $2,268 for the 2,756 square footage condo property in Miami Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,204.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,628.19
Annual Debt Service$355,538.26
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