Simel Investment Corp Acquires Condo In Sunny Isles For $3.17M With Seller's Rep Chad Carroll - Compass
SOLD
$3,175,000
Florida
See Similar Deals2,937 SF
Sold 02/01/2021
SOLD
Simel Investment Corp Acquires Condo In Sunny Isles For $3.17M With Seller's Rep Chad Carroll - Compass
16901 Collins Avenue, Sunny Isles Beach, FL, USA
See Similar Deals2,937 SF
Sold 02/01/2021
Summary
FLORIDA
Price Per Square Foot:$1,081
Total Square Footage:2,937 SF
Transaction Type:Sale
A condominium located at 16901 Collins Avenue in Sunny Isles was recently sold for a price of $3,175,000. The property, with a total square footage of 2,937, was purchased by Simel Investment Corp. The transaction was facilitated by Silvia Olivera from FIP Services, who represented the buyer. The seller, Yuri & Natalia Voronkov of Ynga, LLC, was represented by Chad Carroll from Compass. The sale price per square foot was $1,089.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,175,000
- Address: 16901 Collins Avenue, Sunny Isles
- Buyer: Simel Investment Corp
- Seller: Yuri & Natalia Voronkov, Ynga, LLC
- Buyer's Representative: Silvia Olivera - FIP Services
- Seller's Representative: Chad Carroll - Compass
- Square Footage: 2,937
- Price per Square Foot: $1,089
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$169,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,280.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,051.12
Annual Debt Service$180,613.44
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