facebook
Traded Co logo
Submit

ONE Sotheby's International Realty Sells Condo At 16051 Collins Avenue Lanai, Sunny Isles Beach For $2.795M

Property Image
SOLD
$2,795,000

Florida

See Similar Deals
3,359 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

ONE Sotheby's International Realty Sells Condo At 16051 Collins Avenue Lanai, Sunny Isles Beach For $2.795M

16051 Collins Avenue, Sunny Isles Beach, FL, USA

See Similar Deals
3,359 SF
Sold
Contact now

Summary

FLORIDA
Price Per Square Foot:$832
Total Square Footage:3359 SF
Transaction Type:Sale

An oceanfront condo located at 16051 Collins Avenue Lanai in Sunny Isles Beach was recently sold in a closed transaction. The property, a spacious condominium, spans a total area of 3,359 square feet. It boasts an elegant and modern design, offering a comfortable and luxurious living experience. The transaction took place on May 21, 2021, with a final sale price of $2,795,000. The asking price for the condo was $2,995,000, indicating a successful negotiation for the buyer.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $2,795,000
  • Address: 16051 Collins Avenue Lanai, Sunny Isles Beach
  • Square Footage: 3,359

The deal was facilitated by a team of expert brokers from ONE Sotheby's International Realty. Alexandra Peters, Adriana Faerman, and Charles Morganstern represented the buyer and seller in this transaction. Their expertise and knowledge of the real estate market ensured a smooth and successful deal. Alexandra Peters (@AlexandraRealtorMiami), Adriana Faerman (@Adriana_Faerman), and Charles Morganstern (@CharleseMorganstern) are well-known professionals in the industry, committed to providing exceptional service to their clients.

Players

Alexandra Peters
1 deal$2.8M volume
BROKER

Adriana Faerman
Sotheby's International Realty
1 deal$2.8M volume
BROKER

Charles Morganstern
Sotheby's International Realty
1 deal$2.8M volume
BROKER

Details

SOLD
IMAGE: Alexandra Peters, Adriana Faerman & Charles Morganstern DATE: 05/21/2021 ADDRESS: 16051 Collins Avenue Lanai MARKET: Sunny Isles Beach ASSET TYPE: Condo BROKERS: Alexandra Peters @AlexandraRealtorMiami, Adriana Faerman @Adriana_Faerman & Charles Morganstern @CharleseMorganstern - @TheTeamMiami - ONE Sotheby's International Realty ASKING PRICE: $2,995,000 SALE PRICE: $2,795,000 SF: 3,359 ~ PPSF: $832

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,066.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,930.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,249.73
Annual Debt Service$158,996.71