SOLDCondo
Marlene Goldman Facilitates $4.99M Sale Of Miami Beach Condo
2901 Collins Avenue
$4,995,000
$3,444/SF
Building Size
1,450 SF
Asset Type
Condo
Closing
May 10, 2024
AI
The condominium located at 2901 Collins Avenue Unit 1205 in Miami Beach was sold for $4,995,000. Spanning 1,450 square feet, the sale price per square foot was $3,445.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,995,000
- Market: Miami Beach
- Broker: Marlene Goldman - Beachfront Realty
- Square Footage: 1,450
Marlene Goldman, from Beachfront Realty, represented the parties involved in the transaction.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93