Beachfront Realty Inc Acquires Condo In Sunny Isles Beach For $2.15M With Buyer's Rep Doron Cohen And Seller's Rep Matias Alem - BRG International LLC
17121 Collins Avenue, Sunny Isles Beach, FL 33160
$2,150,000
$1,112/SF
Building Size
1,933 SF
Asset Type
—
Closing
Dec 29, 2021
About this deal
AI
17121 Collins Ave Unit 1604 in Sunny Isles Beach has been sold for $2,150,000. This condo property offers 1,933 square feet of space, resulting in a price per square foot of $1,112.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,150,000
- Date: 12/29/2021
- Address: 17121 Collins Ave Unit 1604
- Market: Sunny Isles Beach
- Buyer's Representative: Doron Cohen - Beachfront Realty Inc
- Seller's Representatives: Matias Alem & Christina West Alem - BRG International LLC
Doron Cohen from Beachfront Realty Inc represented the buyer in this transaction, while Matias Alem and Christina West Alem from BRG International LLC represented the seller.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93