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5225 Collins Avenue

Elchanan Eli Kagan Acquires Condo At 5225 Collins Ave, Miami For $1M
SOLDCondo

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

Carina Aisenstein

Beachfront Realty

Broker

$1M

vol

1 deal

Broker

Elchanan Kagan

Buyer

$17.2M

vol

3 deals

Buyer

Miami Beach 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93