Unit LPH03 At The Bath Club In Miami Beach Sells For $6.4M At $1,758 PSF
5959 Collins Avenue, Unit LPH 03, Miami Beach, FL 33140
$6,400,000
$1,758/SF
Building Size
3,640 SF
Asset Type
Condo
Closing
Jun 27, 2023
About this deal
AI
Unit LPH03 at The Bath Club in Miami Beach has sold for $6.4 million, achieving the top spot. The property, located at 5959 Collins Avenue, is a condominium with a total area of 3,640 square feet. The sale price translates to a rate of $1,758 per square foot, reflecting the value of this high-end property on the market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,400,000
- Address: 5959 Collins Avenue Unit LPH03, Miami Beach
- Market: Miami Beach
The buyer's representative in this transaction was Tara Elias Schuchts from Douglas Elliman, while the seller was represented by Joanne Jones and Melissa Rubin from Compass. The property spent 200 days on the market before being sold, highlighting its desirability in the Miami Beach market.
Players
Miami 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93