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

Property Image
SOLD
$3,018,000
Benjamin (Ben) Lipkin
Tal Alexander
Isaac Lustgarten
+ 1

Florida

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Condo2,123 SF
Sold 05/21/2020
the dealplayerscompscontact
Property Image
SOLD

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

9703 Collins Avenue

See Similar Deals
Condo2,123 SF
Sold 05/21/2020
Benjamin (Ben) Lipkin
Tal Alexander
Isaac Lustgarten
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,421
Total Square Footage:2,123 SF
Transaction Type:Sale

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
Isaac Lustgarten
24 deals$262.6M volume(305) 450-8045
BROKER
Oren Alexander
Official
Oren Alexander
106 deals$2B volume(305) 610-4559
BROKER
Tal Alexander
Official
Tal Alexander
83 deals$1.8B volume(212) 951-0071
BROKER
Benjamin (Ben) Lipkin
Benjamin Lipkin
3 deals$7.8M volume
BROKER
Douglas Elliman
Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Ben Lipkin, Oren Alexander & Isaac Lustgarten DATE: 05/21/2021 ADDRESS: 9703 Collins Ave /03 MARKET: Miami Beach ASSET TYPE: Condo BUYER'S REP: Isaac Lustgarten & Oren Alexander @AlexanderTeam - Douglas Elliman SELLER'S REP: Ben Lipkin @BenjaminLipkin ASKING PRICE: $3,300,000 SALE PRICE: $3,018,000 SF: 2,103 ~ PPSF: $1,435

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,722.31
Cash-on-Cash Return-1.27%
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