Moise Lavain Purchases Miami Beach Condo From Socorro Acosta Gonzalez For $2.3 Million
SOLD
$2,300,000
Florida
See Similar DealsCondo1,490 SF
Sold 10/02/2024
SOLD
Moise Lavain Purchases Miami Beach Condo From Socorro Acosta Gonzalez For $2.3 Million
4401 Collins Avenue
See Similar DealsCondo1,490 SF
Sold 10/02/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,543
Total Square Footage:1,490 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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