Roxx Ricki Acquires Condo On 5959 Collins Ave, Miami Beach For $4.55M From Donahue & Katrina Peebles
SOLD
Florida
See Similar DealsCondo2 SF
Sold 02/22/2022
SOLD
Roxx Ricki Acquires Condo On 5959 Collins Ave, Miami Beach For $4.55M From Donahue & Katrina Peebles
5959 Collins Avenue
See Similar DealsCondo2 SF
Sold 02/22/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,275,000
Total Square Footage:2 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$242,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,165.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,569.32
Annual Debt Service$258,831.86
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