Christian Berkholtz Acquires Miami Beach Condo For $3.8M From Seller Mark & Carolyn Keller
SOLD
$3,800,000
Florida
See Similar DealsCondo2,572 SF
Sold 04/02/2022
SOLD
Christian Berkholtz Acquires Miami Beach Condo For $3.8M From Seller Mark & Carolyn Keller
5959 Collins Avenue
See Similar DealsCondo2,572 SF
Sold 04/02/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,477
Total Square Footage:2,572 SF
Transaction Type:Sale
Located at 5959 Collins Avenue, Unit 1502 in Miami Beach, this condominium property was recently sold. The transaction took place on February 4, 2022.
Summary of transaction details:
- Property Type: Condo
- Address: 5959 Collins Avenue, Unit 1502, Miami Beach
- Market: Miami Beach
- Square Footage: 2,572 SF
- Price per Square Foot: $1,477
The buyer of this condo unit is Christian Berkholtz, while the sellers are Mark & Carolyn Keller. The deal was facilitated by Selen Arditi from Compass, serving as the broker representative. The sale price for this property was $3,800,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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