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15800 Collins Ave, Miami, F...

Janine & Nicholas Perdomo Jr Acquire Condo In Sunny Isles Beach For $5.1M
SOLD

Janine & Nicholas Perdomo Jr Acquire Condo In Sunny Isles Beach For $5.1M

15800 Collins Ave, Miami, FL 33160, USA

$5,100,000

$3,234/SF

Building Size

1,577 SF

Asset Type

Closing

May 7, 2020

AI

Janine Perdomo and Nicholas Perdomo Jr have acquired a condo property located at 15800 Collins Avenue in the Sunny Isles Beach market. The property, sold by Fortune International Group and Château Group, was purchased for a price of $5,100,000. Spanning a total area of 1,577 square feet, the price per square foot for this transaction was calculated at $3,233.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,100,000
  • Square Footage: 1,577
  • Price Per Square Foot: $3,233
  • Buyer: Janine & Nicholas Perdomo Jr – Perdomo Cigars
  • Seller: Fortune International Group & Château Group
  • Market: Sunny Isles Beach

The buyers of this condo property are Janine and Nicholas Perdomo Jr, who are affiliated with Perdomo Cigars. The sellers, on the other hand, were Fortune International Group and Château Group.

Players

Fortune International Group
Fortune International GroupBrokerage
Fortune International Group
Fortune International GroupSeller

North Miami Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93