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
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.
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
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93