Ivan & Mike Team Acquires Miami Beach Condo At 8701 Collins Ave For $5.75M
8701 Collins Avenue, Miami Beach, Florida 33154, United States
$5,750,000
$2,575/SF
Building Size
2,233 SF
Asset Type
Condo
Closing
Apr 26, 2022
AI
A luxury condo unit located at 8701 Collins Ave, Apt. 401 in Miami Beach has been sold for a price of $5,750,000. The condo spans 2,233 square feet, resulting in a price per square foot of $2,463. This transaction took place on April 26, 2022.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $5,750,000
- Address: 8701 Collins Ave, Apt. 401, Miami Beach
- Market: Miami Beach
The buyer's representatives in this deal were Ivan Chorney and Michael Martirena from the Ivan & Mike Team at Compass RE. On the other side, the seller's representatives were Daniel Tzinker and Mauricio Umansky from The Agency. These professionals played a crucial role in facilitating the transaction between the buyer and 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93