SOLDCondo
Arvind & Shilpa Sanger Acquire Faena House Condo In Miami Beach For $15.5M
3315 Collins Avenue
$15,500,000
$2,481/SF
Building Size
6,246 SF
Asset Type
Condo
Closing
May 3, 2022
AI
The property involved in this transaction is a condo located at 3315 Collins Ave 6A in Faena House, Miami Beach. The sale took place on 05/04/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $15,500,000
- Square Footage: 6,246
- Price per Square Foot: $2,482
- Address: 3315 Collins Ave 6A, Miami Beach
- Market: Miami Beach
The buyer of the property is Arvind and Shilpa Sanger, while the seller is Leonard Licht. The deal was facilitated by brokers Bill Hernandez and Bryan Sereny of the Bill & Bryan Team at Douglas Elliman.
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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93