Christopher Jude, Wendy Sanchez & Patricia Maurer Sell 5775 Collins Ave Condo In Miami Beach For $3.3M
5775 Collins Avenue
$3,300,000
$986/SF
Building Size
3,346 SF
Asset Type
Condo
Closing
Apr 15, 2022
AI
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.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93