Sunny 4205 LLC Acquires Condo In Sunny Isles Beach For $5.05M
SOLD
$5,050,000
California
See Similar Deals3,640 SF
Sold
SOLD
Sunny 4205 LLC Acquires Condo In Sunny Isles Beach For $5.05M
15701 Collins Ave, North Miami Beach, Fl 33160, Usa
See Similar Deals3,640 SF
Sold
Summary
CALIFORNIA
Price Per Square Foot:$1387
Total Square Footage:3640 SF
Transaction Type:Sale
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
BROKERAGE
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$269,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,941.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,939.58
Annual Debt Service$287,274.92
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