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Mohammed & Susan ElHosseiny Acquire Sunny Isles Beach Condo From Max & Ryan Farbstein

Property Image
SOLD
$4,500,000
Claudine Letz
Ivan Chorney
+ 4

Florida

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3,080 SF
Sold
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Property Image
SOLD

Mohammed & Susan ElHosseiny Acquire Sunny Isles Beach Condo From Max & Ryan Farbstein

15701 Collins Avenue, Sunny Isles Beach, FL, USA

See Similar Deals
3,080 SF
Sold
Claudine Letz
Ivan Chorney
+ 4
Contact now

Summary

FLORIDA
Price Per Square Foot:$1461
Total Square Footage:3080 SF
Transaction Type:Sale

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

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

Patricia "Pat" Rossboom
1 deal$4.5M volume
BROKER

Max Farbstein
Official
13 deals$92.8M volume(201) 572-2768
BROKER

Ryan Farbstein
Official
13 deals$92.8M volume(201) 572-2770
BROKER

Michael Martirena
Compass
22 deals$206.8M volume(561) 310-3009
BROKER

Ivan Chorney
Compass
23 deals$213.3M volume
BROKER

Mike de Graaf
Sotheby's International Realty
2 deals$8.5M volume
BROKER

Claudine Letz
2 deals$8.5M volume
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Ryan Farbstein, Patricia Rossboom, & Max Farbstein⁠ DATE: 12/14/2020⁠ ADDRESS: 15701 Collins Avenue ⁠ MARKET: Sunny Isles Beach⁠ ASSET TYPE: Condo ⁠ ⁠ BUYER: Mohammed & Susan ElHosseiny⁠ SELLER: Max Farbstein & Ryan Farbstein⁠ BUYER'S REP: Patricia Rossboom (@PatRoseboom3)⁠ & @PearlAntonacci SELLER'S REP: Max Farbstein (@Max_Farb) & Ryan Farbstein (@RyanFarb)⁠ ⁠ ASKING PRICE: $4,999,000⁠ SALE PRICE: $4,500,000⁠ SF: 2,475 ~ PPSF: $1,818

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55