Miami Beach Condo Sold For $6.2M With Buyer's Rep Jackson Keddell And Seller's Rep Michael Martirena & Ivan Chorney
8701 Collins Avenue, Miami Beach, Florida 33154, United States
$6,200,000
$2,776/SF
Building Size
2,233 SF
Asset Type
Condo
Closing
Mar 4, 2022
AI
A condo located at 8701 Collins Ave in Miami Beach has been sold. The property features a total of 2,233 square feet. The sale took place on 03/04/2022 for a price of $6,200,000, with an asking price of $6,450,000. The price per square foot (PPSF) for this transaction was $2,777.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,200,000
- Address: 8701 Collins Ave, Miami Beach
- Square Footage: 2,233
The buyer of this condo was represented by Jackson Keddell of The Miami Experts, a part of Douglas Elliman. On the other hand, the seller was represented by Michael Martirena and Ivan Chorney, who are part of the Ivan and Mike Team at Compass.
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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93