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5775 Collins Avenue

Vlad Torgovnik Buys Condo From Chuck & Klaudie Roberts In Miami Beach For $25M
SOLDCondo

Vlad Torgovnik Buys Condo From Chuck & Klaudie Roberts In Miami Beach For $25M

5775 Collins Avenue

$25,000,000

$3,869/SF

Building Size

6,461 SF

Asset Type

Condo

Closing

Apr 10, 2024

AI

The property involved in the transaction is a condo located at 5775 Collins Avenue in Miami Beach. This condo spans 6,461 square feet and was sold for $25,000,000, equating to a price per square foot of $3,869. The sale took place between the buyer, Vlad Torgovnik from Millennium Management, and the seller, Chuck and Klaudie Roberts.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $25,000,000
  • Address: 5775 Collins Avenue -2
  • Market: Miami Beach
  • Buyer: Vlad Torgovnik - Millennium Management
  • Seller: Chuck & Klaudie Roberts

Christopher Jude of Pgutman LLC represented Vlad Torgovnik in the purchase, while the property was listed by Dina Goldentayer of Douglas Elliman. It is noteworthy that records indicate the Roberts had acquired the penthouse for $13.8 million in 2021 before selling it to Torgovnik for $25 million.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93