Elchanan Eli Kagan Acquires Condo At 5225 Collins Ave, Miami For $1M
5225 Collins Avenue
$1,000,000
$416/SF
Building Size
2,400 SF
Asset Type
Condo
Closing
Nov 6, 2023
AI
The property involved in this transaction is a condo located at 5225 Collins Avenue in Miami, Florida. The condo has a total area of 2,400 square feet. The asking price for the property was $1,300,000, but it was ultimately sold for $1,000,000. This translates to a price per square foot of $417.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,000,000
- Square Footage: 2,400
- Address: 5225 Collins Avenue, Miami, Florida
The buyer of the condo is Elchanan Eli Kagan. On the other hand, Joseph Spitzer and Helen Spitzer are the sellers. Carina Aisenstein, representing Beachfront Realty Inc, acted as the buyer's representative. Viktoriia Spitzer, from Brokers LLC, represented the sellers in this transaction.
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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93