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15701 Collins Ave, North Mi...

Sunny 4205 LLC Acquires Condo In Sunny Isles Beach For $5.05M
SOLD

Sunny 4205 LLC Acquires Condo In Sunny Isles Beach For $5.05M

15701 Collins Ave, North Miami Beach, Fl 33160, Usa

$5,050,000

$1,387/SF

Building Size

3,640 SF

Asset Type

Closing

May 3, 2020

AI

Located at 15701 Collins Avenue in Sunny Isles Beach, this condominium property was recently sold in a closed transaction. The property consists of a spacious 3,640 square feet and boasts a price of $5,050,000, resulting in a price per square foot of $1,387.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $5,050,000
  • Address: 15701 Collins Avenue
  • Market: Sunny Isles Beach

The buyer, Sunny 4205 LLC represented by Eduardo Zundelevich Kauffman, acquired the property from the seller, Fortune International Group, and Edgardo Defortuna of Château Group. Facilitating the transaction was broker Diego Arnaud of DA Luxury Realty.

Players

Diego Arnaud

Broker

$8.8M

vol

2 deals

Broker
Fortune International Group
Fortune International GroupBrokerage
Fortune International Group
Fortune International GroupSeller

North Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.14%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93