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
About this deal
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.
On the Map
$4,100,000
$940/SF
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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