Douglas Elliman Represents Buyer In $5.2M Condo Sale In Sunny Isles Beach
17749 Collins Ave, Sunny Isles Beach, FL, USA
$5,200,000
$1,128/SF
Building Size
4,609 SF
Asset Type
—
Closing
May 20, 2021
AI
Located in Sunny Isles Beach, this condominium unit at 17749 Collins Ave Unit 3002 has recently been sold in a closed transaction. The sale took place on May 21, 2021, with Francine Eisenberg, Christina Alem, and Matias Alem being responsible for the transaction. The property was represented by Christina Alem and Matias Alem from BRG International, while Francine Eisenberg from Douglas Elliman acted as the buyer's representative.
Summary of transaction details:
- Property Type: Condo
- Asking Price: $5,495,000
- Sale Price: $5,200,000
- Square Footage: 4,609
- Price per Square Foot: $1,128
- Market: Sunny Isles Beach
- Seller's Representative: Christina Alem & Matias Alem from BRG International
- Buyer's Representative: Francine Eisenberg from Douglas Elliman
This successful transaction highlights the collaboration between Christina Alem, Matias Alem, and Francine Eisenberg, whose expertise in the real estate industry played a crucial role in the deal. The property, with its impressive square footage of 4,609, offered a remarkable value in the desirable Sunny Isles Beach market. Both the seller and the buyer were represented by knowledgeable professionals, ensuring a smooth and efficient 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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93