David Perez Acquires $5M Condo At 5801 Collins Ave, Miami Beach
5801 Collins Avenue, Miami Beach, Florida 33140, United States
$5,000,000
$1,250,000/SF
Building Size
4 SF
Asset Type
Condo
Closing
Jan 3, 2023
About this deal
AI
The property involved in this closed transaction is a condo located at 5801 Collins Ave, Miami Beach, FL. The condo has a total area of 4,599 square feet. The transaction took place on 03/01/2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,000,000
The buyer of the condo is David Perez and the seller is Issam H Bazzi.
The price of the condo was $5,000,000, with a price per square foot of $1,087.
The condo sale at 5801 Collins Avenue, Miami Beach, Florida 33140, United States in Miami Beach, Florida sold for $5M in 2023. The building is 4 square feet, implying about 1.3M per square foot on the published price. This page is the Miami Beach, Florida file for the 5801 Collins Avenue, Miami Beach, Florida 33140, United States condo sold: pricing, party profiles, and other closed condo comps from the same Miami Beach sit in the Market section below. Filter that Miami Beach condo set by closing date to see what else sold near 5801 Collins Avenue, Miami Beach, Florida 33140, United States around 2023. Published consideration for 5801 Collins Avenue, Miami Beach, Florida 33140, United States is $5M, dated 2023. Cite this David Perez Acquires $5M Condo At 5801 Collins Ave, Miami Beach sale when underwriting similar condo product around Miami Beach, Florida.
Players
Miami Beach Condo Market Snapshot
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Deal FAQ
About $1.3M per square foot on a published $5M for 4 square feet (2023).
Browse Florida condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93