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3315 Collins Ave, Miami Bea...

One Sothebys International Realty Represents Both Sides In $2M Miami Beach Condo Sale
SOLDCondo

One Sothebys International Realty Represents Both Sides In $2M Miami Beach Condo Sale

3315 Collins Ave, Miami Beach, FL 33140, USA

$2,025,000

$2,897/SF

Building Size

699 SF

Asset Type

Condo

Closing

Aug 24, 2023

AI

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.

Players

Inga Boutboul

Sotheby's International Realty

Broker

$54.1M

vol

6 deals

Broker

Market 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

7.83%

Cash-on-Cash

-2.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93