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200-212 Collins Avenue, Mia...

Updated Oct 29, 2024

200 Collins LLC Acquires Mixed-Use Property In Miami Beach For $6M
SOLDMixed-use

200 Collins LLC Acquires Mixed-Use Property In Miami Beach For $6M

200-212 Collins Avenue, Miami Beach, FL, USA

$6,000,000

$461/SF

Building Size

13,000 SF

Asset Type

Mixed-use

Closing

Dec 8, 2020

About this deal

AI

A mixed-use property located at 200-212 Collins Avenue in Miami Beach has recently been sold in a transaction. The property, spanning 13,000 square feet, was sold by Paul C. Lardi and Lisa Lardi. The buyer, 200 Collins LLC, acquired the property for a total price of $6,000,000. This amounts to a price per square foot of $462. The property consists of 21 units, with each unit being valued at $285,714.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $6,000,000
  • Address: 200-212 Collins Avenue, Miami Beach
  • Market: Miami Beach
  • Square Footage: 13,000
  • Units: 21
  • Price per Square Foot: $462
  • Buyer: 200 Collins LLC
  • Seller: Paul C. Lardi and Lisa Lardi
  • Buyer's Representative: Roy Benmeir - One Sotheby’s International Realty & Or Shai - Flex Capital Group
  • Seller's Representative: Alex Zylberglait - Marcus & Millichap

The buyer was represented by Roy Benmeir from One Sotheby’s International Realty and Or Shai from Flex Capital Group. On the other hand, the seller was represented by Alex Zylberglait from Marcus & Millichap. These individuals and companies played key roles in the transaction, facilitating the deal between the buyer and seller.

Players

Alex Zylberglait

Marcus & Millichap

Broker

$211.5M

vol

26 deals

Broker

Miami Beach Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Deal FAQ

About $461 per square foot on a published $6M for 13,000 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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