One Sothebys International Realty Represents Both Sides In $2M Miami Beach Condo Sale
SOLD
$2,025,000
Florida
See Similar DealsCondo699 SF
Sold 08/24/2023
SOLD
One Sothebys International Realty Represents Both Sides In $2M Miami Beach Condo Sale
3315 Collins Ave, Miami Beach, FL 33140, USA
See Similar DealsCondo699 SF
Sold 08/24/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,897
Total Square Footage:699 SF
Transaction Type:Sale
A condo located at 3315 Collins Avenue in Miami Beach has been sold for $2,025,000. The property covers an area of 699 square feet, resulting in a price per square foot of $2,897. This transaction took place on August 24, 2023. One Sotheby’s International Realty represented both sides of the deal.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,025,000
- Square Footage: 699
- Price per Square Foot: $2,897
- Address: 3315 Collins Avenue, Miami Beach
- Market: Miami Beach
Rachael Taylor and Inga Boutboul, both brokers from One Sotheby’s International Realty, played crucial roles in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$108,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,194.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,599.53
Annual Debt Service$115,194.40
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