Berkshire Hathaway HomeServices Acquires Condo On 8701 Collins Ave, Miami Beach For $6.55M
8701 Collins Avenue
$6,550,000
$2,954/SF
Building Size
2,217 SF
Asset Type
Condo
Closing
Mar 10, 2023
About this deal
AI
The property involved in this transaction is a condo located at 8701 Collins Avenue in Miami Beach. The sale took place on 03/10/2023. The property has a total square footage of 2,217. The sale price for the condo was $6,550,000, resulting in a price per square foot of $2,954.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,550,000
- Square Footage: 2,217
- Price per Square Foot: $2,954
- Address: 8701 Collins Avenue, Miami Beach
There is no additional information available about the brokers involved in this transaction.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $3K per square foot on a published $6.6M for 2,217 square feet (2023).
Browse Florida condo sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.42%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93