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5333 Collins Avenue

Roberto Quiroz Of Sotheby's International Realty Represents Sale Of Miami Beach Condo For $7.5M
SOLDCondo

Roberto Quiroz Of Sotheby's International Realty Represents Sale Of Miami Beach Condo For $7.5M

5333 Collins Avenue

$7,500,000

$3,165/SF

Building Size

2,369 SF

Asset Type

Condo

Closing

Aug 22, 2024

AI

The property asset involved in this transaction is a condo located at 5333 Collins Avenue Unit 1505 in the Miami Beach market. The condo is priced at $7,500,000 and encompasses an area of 2,369 square feet, resulting in a price per square foot of $3,165. The development of this property was undertaken by Mast Capital and Starwood Capital.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,500,000
  • Square Footage: 2,369
  • Price Per Square Foot: $3,165
  • Address: 5333 Collins Avenue Unit 1505
  • Market: Miami Beach
  • Developer: Mast Capital & Starwood Capital
  • Brokers: Roberto Quiroz - Sotheby's International Realty
  • Date: 08/22/2024

Roberto Quiroz from Sotheby's International Realty represents the buyer in this transaction. The transaction is currently under contract.

Players

Roberto Quiroz

Sotheby's International Realty

Broker

$214.3M

vol

12 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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93