One Sotheby's International Realty Sells Sunny Isles Beach Condo For $2.4M
17875 Collins Ave, Sunny Isles Beach, FL, USA
$2,400,000
$877/SF
Building Size
2,736 SF
Asset Type
—
Closing
Oct 27, 2021
AI
A condo unit located at 17875 Collins Ave Unit 701 in Sunny Isles Beach has been sold in a recent transaction. The property, with an area of 2,736 square feet, was sold for $2,400,000. The asking price for this condominium was $2,575,000. The price per square foot (PPSF) was calculated to be $877.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,400,000
- Address: 17875 Collins Ave Unit 701, Sunny Isles Beach
- Market: Sunny Isles Beach
- Broker: Vanessa Frank - One Sotheby's International Realty
Vanessa Frank from One Sotheby's International Realty represented the involved parties in this transaction. The sale of this condo unit marks another successful deal handled by Vanessa Frank, showcasing her expertise in the real estate market.
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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93