Ken Griffin's Citadel Sells Miami Beach Condo For $35M
3315 Collins Avenue, Miami Beach, FL, USA
$35,000,000
$4,708/SF
Building Size
7,433 SF
Asset Type
Condo
Closing
Dec 15, 2020
About this deal
AI
A 7,433 square foot luxury penthouse located at 3315 Collins Ave PH-A in Miami Beach has been sold for a staggering $35,000,000. The condo, part of a high-end development, offers stunning views of the city and comes with impressive amenities. With a price per square foot of $4,702, this transaction stands as a testament to the exclusive and lucrative property market in Miami Beach.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $35,000,000
- Address: 3315 Collins Ave PH-A, Miami Beach
- Market: Miami Beach
This notable sale was carried out by Ken Griffin, the founder and CEO of Citadel, who acted as the seller. Representing him in the deal were Tal and Oren Alexander, brokers from Douglas Elliman. With their expertise and extensive network, Tal and Oren Alexander ensured a smooth and successful transaction for their client.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.7K per square foot on a published $35M for 7,433 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93