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Sotheby's International Realty Sells Condo Unit On Collins Avenue In Miami Beach For $6.9M

Property Image
SOLD
$6,900,000
Jennifer Brilliant
Reid Heidenry
Marko Gojanovic

Florida

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Condo5,106 SF
Sold 10/06/2023
the dealplayerscompscontact
Property Image
SOLD

Sotheby's International Realty Sells Condo Unit On Collins Avenue In Miami Beach For $6.9M

6899 Collins Avenue

See Similar Deals
Condo5,106 SF
Sold 10/06/2023
Jennifer Brilliant
Reid Heidenry
Marko Gojanovic
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,351
Total Square Footage:5,106 SF
Transaction Type:Sale

A 5,106 square foot condo located at 6899 Collins Avenue in Miami Beach has been sold for $6,900,000. The property is situated in a prime location in the Miami Beach market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $6,900,000
  • Square Footage: 5,106
  • Price Per Square Foot: $1,351
  • Address: 6899 Collins Avenue, Miami Beach

This transaction was facilitated by Jennifer Brilliant of Sotheby's International Realty, who represented the buyer, and Marko Gojanovic and Reid Heidenry, also of Sotheby's International Realty, who represented the seller.

Players

Reid Heidenry
Sotheby's International Realty
Reid Heidenry
40 deals$454.9M volume(305) 942-7302
BROKER
Marko Gojanovic
Sotheby's International Realty
Marko Gojanovic
37 deals$513.4M volume(718) 360-5059
BROKER
Jennifer Brilliant
Sotheby's International Realty
Jennifer Brilliant
2 deals$8.8M volume
BROKER

Details

SOLD
IMAGE: Reid Heidenry, Marko Gojanovic & Jennifer Brilliant DATE: 10/06/2023 ADDRESS: 6899 Collins Avenue MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Jennifer Brilliant (@Jennifer.Brilliant) - Sotheby's International Realty (@SothebysRealty) SELLER'S REP: Marko Gojanovic (@Marko_Gojanovic) & Reid Heidenry (@Reidestate) - Sotheby's International Realty (@SothebysRealty) SALE PRICE: $6,900,000 SF: 5,106 ~ PPSF: $1,351

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$367,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,709.52
Annual Debt Service$392,514.24