Mohammed & Susan ElHosseiny Acquire Sunny Isles Beach Condo From Max & Ryan Farbstein
15701 Collins Avenue, Sunny Isles Beach, FL, USA
$4,500,000
$1,461/SF
Building Size
3,080 SF
Asset Type
—
Closing
Dec 13, 2020
AI
A condo located at 15701 Collins Avenue in Sunny Isles Beach has been sold in a recent transaction. The property spans 2,475 square feet and was sold for $4,500,000, at a price per square foot of $1,818. The sale took place on December 14, 2020.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,500,000
- Address: 15701 Collins Avenue, Sunny Isles Beach
- Buyer: Mohammed & Susan ElHosseiny
- Seller: Max Farbstein & Ryan Farbstein
- Buyer's Representative: Patricia Rossboom & @PearlAntonacci
- Seller's Representative: Max Farbstein & Ryan Farbstein
- Asking Price: $4,999,000
- Square Footage: 2,475
The buyers of the property are Mohammed and Susan ElHosseiny, while the sellers are Max Farbstein and Ryan Farbstein. Patricia Rossboom and @PearlAntonacci acted as the buyer's representatives, while Max Farbstein and Ryan Farbstein represented the sellers.
Players
North Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93