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9703 Collins Avenue

Isaac Lustgarten & Oren Alexander Acquire Miami Beach Condo For $3.02M
SOLDCondo

Isaac Lustgarten & Oren Alexander Acquire Miami Beach Condo For $3.02M

9703 Collins Avenue

$3,018,000

$1,421/SF

Building Size

2,123 SF

Asset Type

Condo

Closing

May 21, 2020

AI

A condominium located at 9703 Collins Ave in Miami Beach has been sold for a price of $3,018,000. The property spans 2,103 square feet and has a price per square foot of $1,435. This transaction took place on May 21, 2021. The property was listed for sale with an asking price of $3,300,000.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,018,000
  • Address: 9703 Collins Ave, Miami Beach
  • Square Footage: 2,103
  • Price Per Square Foot: $1,435
  • Date: May 21, 2021

The buyer's representatives in this deal were Isaac Lustgarten and Oren Alexander from the Alexander Team at Douglas Elliman. On the other side, Ben Lipkin served as the seller's representative.

Players

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

Bal Harbour Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.26%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93