Marc Ashley Buys Condo At 5959 Collins Avenue Miami Beach For $14.287M With Buyer’s Rep Jordan Karp
5959 Collins Avenue
$14,287,000
$2,513/SF
Building Size
5,685 SF
Asset Type
Condo
Closing
Jan 4, 2026
AI
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
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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93