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
About this deal
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.
On the Map
$5,100,000
$3,234/SF
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Players
North Miami Beach CRE Market Snapshot
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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