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4401 Collins Avenue

Moise Lavain Purchases Miami Beach Condo From Socorro Acosta Gonzalez For $2.3 Million
SOLDCondo

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:

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

Elke Johnson

Douglas Elliman

Broker

$18.4M

vol

5 deals

Broker

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