Marlene Goldman Facilitates $4.99M Sale Of Miami Beach Condo
SOLD
$4,995,000
Florida
See Similar DealsCondo1,450 SF
Sold 05/10/2024
SOLD
Marlene Goldman Facilitates $4.99M Sale Of Miami Beach Condo
2901 Collins Avenue
See Similar DealsCondo1,450 SF
Sold 05/10/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,444
Total Square Footage:1,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18
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