Wictor Arraes Acquires Sunny Isles Beach Condo For $9.05M
16901 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$9,050,000
$2,384/SF
Building Size
3,795 SF
Asset Type
—
Closing
Jan 19, 2022
About this deal
AI
A stunning condo located at 16901 Collins Ave in Sunny Isles Beach was recently sold in a closed transaction. The property, captured beautifully in an image by Wictor Arraes, boasts a spacious 6,387 square feet of living space. The condo features luxurious amenities and is situated in a desirable market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,050,000
- Address: 16901 Collins Ave, Sunny Isles Beach
- Market: Sunny Isles Beach
- Broker: Wictor Arraes - Xcellence Realty
Wictor Arraes of Xcellence Realty played a key role as the broker representing the parties involved in this successful sale. This deal showcases the expertise and professionalism of the individuals and companies involved.
On the Map
$9,050,000
$2,384/SF
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Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $9.1M for 3,795 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.75%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93