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
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.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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