Wictor Arraes Acquires Condo In Sunny Isles Beach For $5.35M
SOLD
$5,350,000
Florida
See Similar Deals3,450 SF
Sold 12/14/2021
SOLD
Wictor Arraes Acquires Condo In Sunny Isles Beach For $5.35M
16901 Collins Avenue, Sunny Isles Beach, FL 33160
See Similar Deals3,450 SF
Sold 12/14/2021
Summary
FLORIDA
Price Per Square Foot:$1,550
Total Square Footage:3,450 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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