Fortune International Realty Acquires Condo On Collins Ave In Sunny Isles, FL For $2.25M
17201 Collins Avenue, Sunny Isles Beach, FL 33160, USA
$2,250,000
$816/SF
Building Size
2,755 SF
Asset Type
—
Closing
Jul 15, 2020
AI
A condo located at 17201 Collins Ave in Sunny Isles, FL was recently sold. The property, with a size of 2,755 square feet, was purchased for a sale price of $2,250,000. The asking price for the condo was $2,400,000, resulting in a price per square foot of $817. The transaction took place on 07/15/2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,250,000
- Address: 17201 Collins Ave, Sunny Isles, FL
- Market: Sunny Isles, FL
- Square Feet: 2,755
- Price per Square Foot: $817
The sale was facilitated by Maria Jose Diaz Mendizabal from Fortune International Realty. She represented the buyer or seller in this transaction.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93