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4401 Collins Ave #PH,Miami ...

Matthew K. Scheriff Acquires Condo In Miami Beach For $13M
SOLDCondo

Matthew K. Scheriff Acquires Condo In Miami Beach For $13M

4401 Collins Ave #PH,Miami Beach, FL

$13,000,000

$2,888/SF

Building Size

4,500 SF

Asset Type

Condo

Closing

Mar 21, 2023

AI

A luxury condominium located at 4401 Collins Ave in Miami Beach, FL has been sold in a recent transaction. The condo spans across 4,500 square feet and was sold for a price of $13,000,000, resulting in a price per square foot of $2,888. The property offers exquisite amenities and is situated in a highly desirable area of Miami Beach.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $13,000,000
  • Address: 4401 Collins Ave, Miami Beach, FL
  • Seller: Caryl Englander
  • Buyer: Matthew K. Scheriff

Caryl Englander, the seller of the condo, successfully completed the transaction with Matthew K. Scheriff, the buyer of the property. The deal was finalized on 03/21/2023. Both parties were represented by their respective brokers throughout the transaction process.

Players

Caryl Englander

Seller

$40M

vol

2 deals

Seller

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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93