Hassan Youssef Acquires Miami Beach Condo From Loni Farhi For $3.65M
SOLD
$3,650,000
Florida
See Similar DealsHotel1,026 SF
Sold 05/12/2022
SOLD
Hassan Youssef Acquires Miami Beach Condo From Loni Farhi For $3.65M
2201 Collins Avenue, Miami Beach, Florida 33139, United States
See Similar DealsHotel1,026 SF
Sold 05/12/2022
Summary
FLORIDA
Asset Type:Hotel
Price Per Square Foot:$3,557
Total Square Footage:1,026 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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