Matias Alem Acquires Sunny Isles Beach Condo For $10.5M
17749 Collins Avenue, Sunny Isles Beach, FL 33160
$10,500,000
$1,139/SF
Building Size
9,218 SF
Asset Type
—
Closing
May 27, 2020
About this deal
AI
Located at 17749 Collins Ave Unit 3701-02 in Sunny Isles Beach, this condo property was recently sold. The sale was facilitated by Matias Alem from the brokerage firm Matias Alem. The transaction took place on May 27, 2021. The property is a spacious condo with a total square footage of 11,069. It offers 9,218 square feet of living space, priced at $1,139 per square foot. The sale price for this impressive property was $10,500,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,500,000
- Address: 17749 Collins Ave Unit 3701-02
- Market: Sunny Isles Beach
This successful sale was made possible by the expertise of Matias Alem from Matias Alem brokerage. With their help, the property was sold at a remarkable price, showcasing the desirability and value of this condo in Sunny Isles Beach.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $10.5M for 9,218 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93