Moise Lavain Purchases Miami Beach Condo From Socorro Acosta Gonzalez For $2.3 Million
4401 Collins Avenue
$2,300,000
$1,543/SF
Building Size
1,490 SF
Asset Type
Condo
Closing
Oct 2, 2024
AI
The property asset involved in this transaction is a condo located at 4401 Collins Avenue Unit 3202/3204 in Miami Beach. It was sold for a price of $2,300,000, comprising a total square footage of 1,490. The price per square foot amounts to $1,543.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,300,000
- Address: 4401 Collins Avenue Unit 3202/3204
- Market: Miami Beach
- Square Footage: 1,490
- Price Per Square Foot: $1,543
- Buyer: Moise Lavain
- Seller: Socorro Acosta Gonzalez
- Buyer's Representative: Michele Redlich - Coldwell Banker
- Seller's Representatives: Elke Johnson - Douglas Elliman; Jorge Esses - Keller Williams Realty
This transaction involved key individuals, including the buyer Moise Lavain, and seller Socorro Acosta Gonzalez. The representatives facilitating the deal for the seller were Elke Johnson from Douglas Elliman and Jorge Esses from Keller Williams Realty, while Michele Redlich from Coldwell Banker represented the buyer.
Players
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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93