Roxx Ricki Acquires Condo On 5959 Collins Ave, Miami Beach For $4.55M From Donahue & Katrina Peebles
5959 Collins Avenue
$4,550,000
$2,275,000/SF
Building Size
2 SF
Asset Type
Condo
Closing
Feb 22, 2022
About this deal
AI
A condominium unit located at 5959 Collins Ave in Miami Beach has been sold for $4,550,000. The unit has a total area of 2,959 square feet, resulting in a price per square foot of $1,537. The transaction took place on February 22, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,550,000
- Address: 5959 Collins Ave, Miami Beach
- Square Feet: 2,959
- Price Per Square Foot: $1,537
Rox Ricki purchased the unit from Donahue & Katrina Peebles. The buyer was represented by Gillian Fessler from Douglas Elliman, while the seller was represented by The Jills Zeder Group from Coldwell Banker.
On the Map
$4,550,000
$2,275,000/SF
Condo
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Players
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3M per square foot on a published $4.6M for 2 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93