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
Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
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