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Douglas Elliman Represents Buyer In $5.2M Condo Sale In Sunny Isles Beach

Property Image
SOLD
$5,200,000
Francine Eisenberg
Matias Alem
+ 1

Florida

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4,609 SF
Sold
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Property Image
SOLD

Douglas Elliman Represents Buyer In $5.2M Condo Sale In Sunny Isles Beach

17749 Collins Ave, Sunny Isles Beach, FL, USA

See Similar Deals
4,609 SF
Sold
Francine Eisenberg
Matias Alem
+ 1
Contact now

Summary

FLORIDA
Price Per Square Foot:$1128
Total Square Footage:4609 SF
Transaction Type:Sale

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

Christina West Alem
13 deals$67.8M volume
BROKER

Matias Alem
BRG International
32 deals$220.5M volume
BROKER

Francine Eisenberg
Douglas Elliman
1 deal$5.2M volume
BROKER

Daniela Rendon
2 deals$5.2M volume(786) 899-7656
BROKER

Details

SOLD
IMAGE: Francine Eisenberg, Christina Alem & Matias Alem DATE: 05/21/2021 ADDRESS: 17749 Collins ave Unit 3002 MARKET: Sunny Isles Beach ASSET TYPE: Condo SELLER'S REP: Christina Alem @ChristinaWestalem and Matias Alem @MatiasAlembrg - BRG International @BRGintl BUYER'S REP: Francine Eisenberg @FrancineEisenberg.realtor - Douglas Elliman ASKING PRICE: $5,495,000 SALE PRICE: $5,200,000 SF: 4,609 ~ PPSF: $1,128

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$277,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83