Christian Berkholtz Acquires Miami Beach Condo For $3.8M From Seller Mark & Carolyn Keller
5959 Collins Avenue
$3,800,000
$1,477/SF
Building Size
2,572 SF
Asset Type
Condo
Closing
Apr 2, 2022
About this deal
AI
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.
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $3.8M for 2,572 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93