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15701 Collins Avenue, Sunny...

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

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

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 Rossboom

Compass

Broker

$4.5M

vol

1 deal

Broker
Douglas Elliman
Douglas EllimanBrokerage

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