Alex Carnot Of United Realty Group Represents Buyer In Sale Of Miami Beach Condo For $11M
5775 Collins Avenue
$11,000,000
$3,716/SF
Building Size
2,960 SF
Asset Type
Condo
Closing
Aug 14, 2025
AI
The property asset involved in this transaction is a condo located at 5775 Collins Avenue Unit 1103 in Miami Beach. The sale price for this condo was $11,000,000, and it has a total square footage of 2,960. The price per square foot for this property stands at $3,716.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,000,000
- Address: 5775 Collins Avenue Unit 1103
- Market: Miami Beach
- Square Footage: 2,960
- Price per Square Foot: $3,716
- Buyer's Representative: Alex Carnot - United Realty Group
- Seller's Representative: Gabriela Dajer Gonzalez - Sotheby's International Realty
Key individuals involved in the transaction include Alex Carnot, representing the buyer through United Realty Group, and Gabriela Dajer Gonzalez, acting as the seller's representative with Sotheby's International Realty.
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93