Matthew Dugow Acquires Miami Beach Condo For $2.4M
5875 Collins Avenue, Miami Beach, Florida 33140, United States
$2,388,000
$1,806/SF
Building Size
1,322 SF
Asset Type
Condo
Closing
Apr 27, 2022
About this deal
AI
A condo unit located at 5875 Collins Ave in Miami Beach has been sold for $2,388,000. The property spans across 1,322 square feet, resulting in a price per square foot of $1,806. The transaction took place on April 27, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,388,000
- Address: 5875 Collins Ave, Miami Beach
- Square Footage: 1,322
- Price Per Square Foot: $1,806
- Buyer's Representative: Matthew Dugow - Compass
- Seller's Representative: Matthew Dugow - Compass
The deal was facilitated by Matthew Dugow from Compass, who represented both the buyer and the seller in this transaction.
Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.8K per square foot on a published $2.4M for 1,322 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.64%
Cash-on-Cash
-1.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93