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
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