Matthew Dugow Of Compass Represents Buyer In $5.75M Miami Beach Condo Sale
1 Collins Avenue
$5,750,000
$2,893/SF
Building Size
1,987 SF
Asset Type
Condo
Closing
Oct 19, 2025
About this deal
AI
The asset involved in this transaction is a condo located at 1 Collins Avenue Unit PH702 in the Miami Beach market. The property was sold for $5,750,000, comprising 1,987 square feet, resulting in a price per square foot of $2,893.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,750,000
- Address: 1 Collins Avenue Unit PH702
- Market: Miami Beach
- Square Footage: 1,987
- Price per Square Foot: $2,893
- Buyer's Representative: Matthew Dugow - Compass
- Seller's Representatives: Marci DeClaris & Dan Hechtkopf - Compass
The transaction involved key individuals, including Matthew Dugow representing the buyer and both Marci DeClaris and Dan Hechtkopf representing the seller. All parties were affiliated with Compass, facilitating the completion of this sale.
On the Map
$5,750,000
$2,893/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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93