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Ritz Carlton Sunny Isles Condo Sold For $4.65M By Mikhail Mudrik - Tzinker International Realty

Property Image
SOLD
$4,650,000
Patty Marun
Amanda Malone
Yuval Elkeslasi
+ 6

Florida

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1,571 SF
Sold 01/25/2022
the dealplayerscompscontact
Property Image
SOLD

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

See Similar Deals
1,571 SF
Sold 01/25/2022
Patty Marun
Amanda Malone
Yuval Elkeslasi
+ 6
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Price Per Square Foot:$2,959
Total Square Footage:1,571 SF
Transaction Type:Sale

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

Santiago Arana
The Agency
Santiago Arana
18 deals$322.1M volume
BROKER
Philip Scheinfeld
Compass
Philip Scheinfeld
25 deals$206.4M volume
BROKER
Daniel Tzinker
The Agency
Daniel Tzinker
23 deals$151.6M volume(786) 234-9898
BROKER
Diana Shay
Diana Shay
5 deals$476M volume
BROKER
Mikhail Mudrik
The Agency
Mikhail Mudrik
21 deals$90.5M volume
BROKER
Yuval Elkeslasi
Yuval Elkeslasi
8 deals$30.3M volume
BROKER
Elena Britatina
Elena Britatina
4 deals$16M volume
BROKER
Amanda Malone
Compass
Amanda Malone
4 deals$18.6M volume
BROKER
Patty Marun
Patty Marun
2 deals$9.9M volume
BROKER

Details

SOLD
IMAGE: Mikhail Mudrik DATE: 01/19/2022 ADDRESS: 15701 Collins Avenue - Ritz Carlton Sunny Isles MARKET: Miami ASSET TYPE: Condo BROKER: Mikhail Mudrik (@Mr.Mudrik) - Tzinker International Realty SALE PRICE: $4,650,000 SF: 3,180 ~ PPSF: $1,462

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

$247,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47