facebook
Traded Co logo
Submit

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

Property Image
SOLD
$20,500,000
Eyal Golan
Debra Golan
+ 1

Florida

See Similar Deals
Condo5,409 SF
Sold 06/07/2022
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Condo5,409 SF
Sold 06/07/2022
Eyal Golan
Debra Golan
+ 1
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,790
Total Square Footage:5,409 SF
Transaction Type:Sale

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
2 deals$22.6M volume
BROKER

Eyal Golan
Douglas Elliman
2 deals$22.6M volume
BROKER

David Siddons
Douglas Elliman
12 deals$122.3M volume
BROKER

Details

SOLD
IMAGE: Eyal Golan, Debra Golan & David Siddons DATE: 06/07/2022 ADDRESS: 8701 Collins Ave MARKET: Miami Beach ASSET TYPE: Condo BUYER: Marisa Green, Trustee Vista 87 Land Trust SELLER: Arianne Plasencia, Trustee 2019 Tar Heel Trust BUYER'S REP: Eyal Golan & Debra Golan - (@GolanGroupMiami) - Douglas Elliman (@DouglasElliman), (@DouglasEllimanFlorida) SELLER'S REP: David Siddons (@TheDavidSiddonsGroup) - Douglas Elliman SALE PRICE: $20,500,000 SF: 5,409 ~ PPSF: $3,790

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,093,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$72,832.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$97,180.46
Annual Debt Service$1,166,165.50