Compass & Douglas Elliman Close $12.45M Condo Sale In Miami Beach
5775 Collins Avenue
$12,450,000
$3,720/SF
Building Size
3,346 SF
Asset Type
Condo
Closing
Jun 6, 2024
AI
The property involved in the transaction is a condo located at 5775 Collins Avenue in Miami Beach, FL. The sale price for this asset was $12,450,000 with a total square footage of 3,346 and a price per square foot of $3,721.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $12,450,000
- Address: 5775 Collins Avenue
- Market: Miami Beach, FL
- Buyer's Rep: Ivan Chorney & Michael Martirena - Compass
- Seller's Rep: Dan Hechtkopf & Marci DeClaris - Douglas Elliman
The deal was facilitated by Ivan Chorney and Michael Martirena from Compass, representing the buyers, and Dan Hechtkopf and Marci DeClaris from Douglas Elliman, representing the sellers. These key individuals and companies played crucial roles in the successful transaction of the condo.
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
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93