Porto Alegre Investments Sells Condo In Sunny Isles Beach For $2.4M
16001 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$2,400,000
$867/SF
Building Size
2,768 SF
Asset Type
—
Closing
Dec 7, 2021
About this deal
AI
Porto Alegre Investments recently sold a condo located at 16001 Collins Ave in Sunny Isles Beach. The property, spanning 2,768 square feet, was listed for $2,600,000. The sale price reached $2,400,000, resulting in a price per square foot of $867.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $2,400,000
- Address: 16001 Collins Ave
- Market: Sunny Isles Beach
The sale of this condo was facilitated by Marsha Bromberg Maya from the Corcoran Group, acting as the broker for Porto Alegre Investments.
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $867 per square foot on a published $2.4M for 2,768 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93