Filippo Incorvaia's FI Real Estate Sells Miami Beach Condo For $4.6M
5959 Collins Ave APT 1701 Miami Beach, FL 33140, USA
$4,600,000
$1,554/SF
Building Size
2,959 SF
Asset Type
Condo
Closing
Jul 14, 2023
AI
A luxury condo located at 5959 Collins Avenue in Miami Beach has been sold for $4,600,000. Spanning 2,959 square feet, the condo was sold at a price per square foot of $1,555.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,600,000
- Address: 5959 Collins Avenue, Miami Beach
- Square Footage: 2,959
- Price per Square Foot: $1,555
The seller's representative for this transaction was Filippo Incorvaia from FI Real Estate. Filippo Incorvaia played a key role in facilitating the sale of this luxurious condo in Miami Beach.
Miami 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93