David Siddons Of Douglas Elliman Acquires Sunny Isles Beach Condo For $6.3M
15701 Collins Ave, Sunny Isles Beach, FL, USA
$6,300,000
$1,968/SF
Building Size
3,200 SF
Asset Type
—
Closing
Nov 10, 2021
About this deal
AI
A luxury condo located at 15701 Collins Ave Unit 2505 in Sunny Isles Beach has been sold for $6,300,000. The property spans 3,200 square feet, resulting in a price per square foot of $1,969. This transaction took place on November 10, 2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,300,000
- Address: 15701 Collins Ave Unit 2505
- Market: Sunny Isles Beach
Representing the buyer in this deal was David Siddons from Douglas Elliman. On the other side, Philip Scheinfeld from Compass acted as the seller's representative. Additionally, Frank Estevez served as the seller's counsel for this transaction.
Players
North Miami Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2K per square foot on a published $6.3M for 3,200 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93