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8701 Collins Avenue, Miami ...

Richard Cohen Sells Miami Beach Condo On Collins Ave To Buyer's Rep Lianne Graubart For $4M
SOLDCondo

Richard Cohen Sells Miami Beach Condo On Collins Ave To Buyer's Rep Lianne Graubart For $4M

8701 Collins Avenue, Miami Beach, Florida 33154, United States

$4,000,000

$2,628/SF

Building Size

1,522 SF

Asset Type

Condo

Closing

Apr 26, 2022

AI

A condo located at 8701 Collins Ave in Miami Beach has been sold in a recent transaction. The property, spanning 1,522 square feet, was sold for a sale price of $4,000,000. The sale was facilitated by Lianne Graubart from ONE Sotheby's International Realty, who represented the buyer, and Diana Garchitorena from Douglas Elliman, who represented the seller Richard Cohen. The asking price for the condo was $4,250,000, resulting in a price per square foot of $2,628.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,000,000
  • Address: 8701 Collins Ave, Miami Beach
  • Market: Miami Beach

The buyer's representative, Lianne Graubart, from ONE Sotheby's International Realty, played a crucial role in facilitating the sale. On the other side, Diana Garchitorena, from Douglas Elliman, represented the seller Richard Cohen throughout the transaction. Both agents worked diligently to ensure a successful sale of the property.

Players

Lianne Graubart

Sotheby's International Realty

Broker

$18.2M

vol

5 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93