Wictor Arraes Acquires Condo In Sunny Isles Beach For $5.35M
16901 Collins Avenue, Sunny Isles Beach, FL 33160
$5,350,000
$1,550/SF
Building Size
3,450 SF
Asset Type
—
Closing
Dec 14, 2021
About this deal
AI
The condo located at 16901 Collins Ave Apt 2001 in Sunny Isles Beach has been sold for a price of $5,350,000. This luxurious property spans across an area of 3,450 square feet, resulting in a price per square foot of $1,551. The transaction took place on 12/14/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,350,000
- Address: 16901 Collins Ave Apt 2001, Sunny Isles Beach
- Market: Sunny Isles Beach
- Square Footage: 3,450
- Price Per Square Foot: $1,551
Giocondo Niro and Connie Niro were the sellers of this property. The buyer's representative for this transaction was Wictor Arraes from Compass LLC. On the other hand, Rita Collins from Fortune International Realty represented the sellers.
On the Map
$5,350,000
$1,550/SF
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Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.6K per square foot on a published $5.4M for 3,450 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93