Victor Harary & Alexandra Sierra Facilitate $4.8M Condo Sale In Miami Beach
8701 Collins Avenue, Miami Beach, Florida 33154, United States
$4,800,000
$2,707/SF
Building Size
1,773 SF
Asset Type
Condo
Closing
Jun 1, 2022
About this deal
AI
A condo unit located at 8701 Collins Ave Unit 606 in Miami Beach has been sold for a price of $4,800,000. The transaction took place off-market, as stated by the brokers involved. The condo spans a total area of 1,773 square feet. The price per square foot comes to $2,707, highlighting the value of the property in the market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,800,000
- Address: 8701 Collins Ave Unit 606, Miami Beach
- Market: Miami Beach
Victor Harary from Compass represented the buyer in this deal, while Alexandra Sierra, also from Compass, represented the seller. The involvement of these brokers underscores the significance of their role in facilitating the transaction.
On the Map
$4,800,000
$2,707/SF
Condo
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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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93