Ritz Carlton Sunny Isles Condo Sold For $4.65M By Mikhail Mudrik - Tzinker International Realty
15701 Collins Avenue, North Miami Beach, Florida 33160, United States
$4,650,000
$2,959/SF
Building Size
1,571 SF
Asset Type
—
Closing
Jan 24, 2022
AI
The recently closed property transaction in Miami involved a condominium located at 15701 Collins Avenue in the Ritz Carlton Sunny Isles. This condo, with a total area of 3,180 square feet, was sold for a price of $4,650,000. The transaction took place on January 19, 2022. The property is part of the Miami market and belongs to the residential asset type.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,650,000
- Address: 15701 Collins Avenue
- Market: Miami
- Asset Type: Condo
Mikhail Mudrik, representing Tzinker International Realty, acted as the broker in this deal.
Players
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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93