Douglas Elliman Represents Buyer And Seller In $4.1M Sunny Isles Beach Condo Sale
17121 Collins Avenue, Sunny Isles Beach, FL, USA
$4,100,000
$940/SF
Building Size
4,360 SF
Asset Type
—
Closing
Sep 20, 2021
AI
An oceanfront condo located at 17121 Collins Avenue Unit 2104/05 in Sunny Isles Beach has been sold in a recent transaction. The property, spanning 4,360 square feet, was listed for sale with an asking price of $4,400,000. The sale was completed at a price of $4,100,000, translating to a per square foot price of $940.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $4,100,000
- Market: Sunny Isles Beach
- Address: 17121 Collins Avenue Unit 2104/05
- Seller: David & Melissa Epstein
- Buyer's Representative: Devin Kay - Douglas Elliman
- Seller's Representative: Richard Goihman - Douglas Elliman
The buyer's representative in this deal was Devin Kay from Douglas Elliman, while the seller was represented by Richard Goihman, also from Douglas Elliman.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93