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
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