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.
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