Matador Equities LLC Acquires Condo In Miami Beach For $6.25M
2901 Collins Avenue
$6,250,000
$4,310/SF
Building Size
1,450 SF
Asset Type
Condo
Closing
Jun 17, 2022
AI
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.
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
2.54%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93