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16901 Collins Ave, Sunny Is...

Updated Dec 21, 2023

Astolfo Bolivar & Maria Elena Noriega Acquire Sunny Isles Beach Condo For $4.4M
SOLD

Astolfo Bolivar & Maria Elena Noriega Acquire Sunny Isles Beach Condo For $4.4M

16901 Collins Ave, Sunny Isles Beach, FL, USA

$4,400,000

$1,349/SF

Building Size

3,260 SF

Asset Type

Closing

Aug 3, 2020

About this deal

AI

A condo unit located at 16901 Collins Ave Apt 4403 in Sunny Isles Beach has been sold in a recent transaction. The property, spanning 3,260 square feet, was sold for a price of $4,400,000. The asking price for the condo was $4,590,000, indicating a slight discount from the initial listing price. The unit has a price per square foot (PPSF) of $1,349, highlighting its value in the market.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $4,400,000
  • Address: 16901 Collins Ave Apt 4403, Sunny Isles Beach
  • Market: Sunny Isles Beach

Astolfo Bolivar and Maria Elena Noriega represented the buyer in this transaction, while Matias Alem and Christina West Alem of BRG International LLC acted as the seller's representatives. Their expertise and negotiation skills played a crucial role in facilitating the sale of the condo unit.

Players

Christina West Alem

BRG International

Broker

$71.5M

vol

14 deals

Broker

Sunny Isles Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.4M for 3,260 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.61%

Cash-on-Cash

-1.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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