Jeff Bruce Purchases Condo From Toretto Dominic At 501 West Avenue For $5.95M
501 West Avenue
$5,950,000
$2,016/SF
Building Size
2,950 SF
Asset Type
Condo
Closing
Apr 6, 2026
AI
The condo located at 501 West Avenue Canopy Club 2802 in Miami Beach has a sale price of $5,950,000. It encompasses a total square footage of 2,950, resulting in a price per square foot of $2,016. This transaction marks the first resale on the 02 Line Canopy Club at Five Park.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,950,000
- Address: 501 West Avenue Canopy Club 2802
- Market: Miami Beach
- Square Footage: 2,950
- Price per Square Foot: $2,016
- Buyer: Jeff Bruce
- Seller: Toretto Dominic
- Broker Representatives: Jackson Keddell, Raissa Enis & Eddie Enis - Douglas Elliman
This transaction involved Jeff Bruce as the buyer and Toretto Dominic as the seller. The deal was facilitated by brokers Jackson Keddell, Raissa Enis, and Eddie Enis, all representing Douglas Elliman in this property transaction.
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
2.67%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93