Ajt Residence Trust Acquires Condo Unit In Miami Beach For $18.7M
SOLD
$18,700,000
Florida
See Similar DealsCondo4 SF
Sold 05/22/7
SOLD
Ajt Residence Trust Acquires Condo Unit In Miami Beach For $18.7M
3315 Collins Avenue, Miami Beach, Florida 33140, United States
See Similar DealsCondo4 SF
Sold 05/22/7
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,675,000
Total Square Footage:4 SF
Transaction Type:Sale
A condo unit located at 3315 Collins Ave, Miami Beach, FL has been sold in a recent transaction. The property spans approximately 4,381 square feet and was sold for a price of $18,700,000. The price per square foot for this transaction is $4,268.
Summary of transaction details
- Property Type: Condo Unit
- Transaction Amount: $18,700,000
- Address: 3315 Collins Ave, Miami Beach, FL
- Size: 4,381 square feet
- Price per square foot: $4,268
The buyer in this deal is Ajt Residence Trust, while the seller is James G Dinan.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$997,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$66,437.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$88,647.54
Annual Debt Service$1,063,770.48
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