Marc Ashley Buys Condo At 5959 Collins Avenue Miami Beach For $14.287M With Buyer’s Rep Jordan Karp
SOLD
$14,287,000
Florida
See Similar DealsCondo5,685 SF
Sold
SOLD
Marc Ashley Buys Condo At 5959 Collins Avenue Miami Beach For $14.287M With Buyer’s Rep Jordan Karp
5959 Collins Avenue
See Similar DealsCondo5,685 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2513
Total Square Footage:5685 SF
Transaction Type:Sale
A condo located at 5959 Collins Avenue in Miami Beach has been sold. The sale price for the property was $14,287,000, and it encompasses a sizable area of 5,685 square feet, equating to a price per square foot of $2,513.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,287,000
- Address: 5959 Collins Avenue, Miami Beach
- Square Footage: 5,685
- Price per Square Foot: $2,513
- Buyer: Marc Ashley
- Seller: Scott Gilbert
- Buyer's Representative: Jordan Karp - Jordan Karp LLC
- Seller's Representative: Fredrik Eklund - Douglas Elliman
Key individuals involved in the transaction include Marc Ashley, the buyer, and Scott Gilbert, the seller. Jordan Karp represented the buyer through Jordan Karp LLC, while Fredrik Eklund represented the seller through Douglas Elliman.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$761,973.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$50,758.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$67,727.67
Annual Debt Service$812,732.03
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