Sotheby's International Realty Sells Condo Unit On Collins Avenue In Miami Beach For $6.9M
6899 Collins Avenue
$6,900,000
$1,351/SF
Building Size
5,106 SF
Asset Type
Condo
Closing
Oct 6, 2023
AI
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
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
2.30%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93