Hassan Youssef Acquires Miami Beach Condo From Loni Farhi For $3.65M
2201 Collins Avenue, Miami Beach, Florida 33139, United States
$3,650,000
$3,557/SF
Building Size
1,026 SF
Asset Type
Hotel
Closing
May 11, 2022
About this deal
AI
A condo located at 2201 Collins Avenue in Miami Beach has been sold for $3,650,000. The property spans 1,729 square feet and has a price per square foot of $2,111. The sale took place on 05/12/2022 and was facilitated by Christopher Adeleke from Douglas Elliman, who represented the buyer, Hassan Youssef, and Loni Farhi, the seller.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $3,650,000
Christopher Adeleke, from Douglas Elliman, served as the buyer's representative in the deal.
Players
Miami Beach Hotel Market Snapshot
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Deal FAQ
About $3.6K per square foot on a published $3.7M for 1,026 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93