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
About this deal
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.
On the Map
$13,000,000
$2,888/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.9K per square foot on a published $13M for 4,500 square feet (2023).
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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