Namdar Realty Group Acquires Miami Beach Condo For $27M
4401 Collins Avenue Ph South &Amp; Ph North
$27,000,000
Building Size
—
Asset Type
Condo
Closing
Mar 24, 2023
AI
A penthouse condominium located at 4401 Collins Avenue in Miami Beach has been sold for a staggering price of $27,000,000. The transaction took place on March 24, 2023. Spanning across two units, the penthouse, known as PH-South and PH-North, offers luxurious living spaces in the heart of Miami Beach.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $27,000,000
- Address: 4401 Collins Avenue, Miami Beach
- Market: Miami Beach
The buyer of this remarkable property is Namdar Realty Group, represented by Igal Namdar and Jonathan Abda. On the other hand, the seller, Caryl Englander, entrusted the transaction to Linda Schecter and Gary Feinberg from Compass. The buyer's representative, Michele Redlich, ensured a smooth transaction for Namdar Realty Group through their association with Coldwell Banker Realty.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93