Christopher Jude, Wendy Sanchez & Patricia Maurer Sell 5775 Collins Ave Condo In Miami Beach For $3.3M
SOLD
$3,300,000
Florida
See Similar DealsCondo3,346 SF
Sold 04/15/2022
SOLD
Christopher Jude, Wendy Sanchez & Patricia Maurer Sell 5775 Collins Ave Condo In Miami Beach For $3.3M
5775 Collins Avenue
See Similar DealsCondo3,346 SF
Sold 04/15/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$986
Total Square Footage:3,346 SF
Transaction Type:Sale
A condominium unit located at 5775 Collins Ave in Miami Beach has been sold for $3,300,000. The unit, part of the 57 Ocean Miami Beach development, spans 1,176 square feet and has a price per square foot of $2,806. The sale took place on April 15, 2022, and it marks a record sale in the building in terms of price per square foot for the west line of units.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,300,000
- Square Footage: 1,176
- Price per Square Foot: $2,806
- Address: 5775 Collins Ave - 57 Ocean Miami Beach
- Market: Miami Beach
The buyer was represented by Wendy Sanchez from Charles Rutenberg, while the seller was represented by Christopher Jude from Fortune International, as well as Patricia Maurer from Douglas Elliman and Fortune Realty. The deal demonstrates the interest in the Miami Beach market and the value that buyers see in the 57 Ocean Miami Beach development.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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