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
$3,175,000
$1,081/SF
Building Size
2,937 SF
Asset Type
—
Closing
Jan 31, 2021
AI
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
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93