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8701 Collins Avenue, Miami ...

Marisa Green's Trust Acquires Condo On Miami Beach For $20.5M
SOLDCondo

Marisa Green's Trust Acquires Condo On Miami Beach For $20.5M

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

$20,500,000

$3,790/SF

Building Size

5,409 SF

Asset Type

Condo

Closing

Jun 7, 2022

AI

A condominium at 8701 Collins Ave in Miami Beach has been sold for $20,500,000. The transaction took place on 06/07/2022. The property spans 5,409 square feet and has a price per square foot of $3,790.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $20,500,000
  • Address: 8701 Collins Ave, Miami Beach
  • Square Footage: 5,409
  • Price Per Square Foot: $3,790

The buyer, Marisa Green, acquired the property through the Vista 87 Land Trust. The seller, Arianne Plasencia, made the transaction through the 2019 Tar Heel Trust. Representing the buyer were Eyal Golan and Debra Golan of Douglas Elliman. David Siddons of Douglas Elliman represented the seller.

Players

Debra Golan

Douglas Elliman

Broker

$22.6M

vol

2 deals

Broker

Arianne Plasencia

Seller

$20.5M

vol

1 deal

Seller

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93