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6365 Collins Avenue

Wendy Sanchez & John Alfonso Close $1.25M Condo Sale In Miami
SOLDCondo

Wendy Sanchez & John Alfonso Close $1.25M Condo Sale In Miami

6365 Collins Avenue

$1,250,000

$1,059/SF

Building Size

1,180 SF

Asset Type

Condo

Closing

Apr 30, 2024

AI

Located at 6365 Collins Avenue in Miami, this off-market condo transaction was facilitated by Wendy Sanchez of Charles Rutenberg Realty, The W Group, representing the buyer, and John Alfonso of Sterling Equity Realty, acting as the seller's representative. The condo was sold for $1,250,000 at a price per square foot of $1,059, spanning a total area of 1,180 square feet. The deal took place on April 30, 2024.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $1,250,000
  • Market: Miami
  • Buyer's Rep: Wendy Sanchez - Charles Rutenberg Realty, The W Group
  • Seller's Rep: John Alfonso - Sterling Equity Realty
  • SF: 1,180
  • PPSF: $1,059

The noteworthy feature of this deal is that it was an off-market transaction and the condo was sold furnished. Wendy Sanchez from Charles Rutenberg Realty, The W Group, ensured that her client acquired the property smoothly and successfully. John Alfonso, representing Sterling Equity Realty, effectively managed the sale from the seller's side, guaranteeing a seamless closing process for all involved parties.

Players

Wendy Sanchez

Charles Rutenberg Realty

Broker

$55.1M

vol

13 deals

Broker

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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93