One Sotheby's International Realty Sells Sunny Isles Beach Condo For $2.4M
SOLD
$2,400,000
Florida
See Similar Deals2,736 SF
Sold 10/28/2021
SOLD
One Sotheby's International Realty Sells Sunny Isles Beach Condo For $2.4M
17875 Collins Ave, Sunny Isles Beach, FL, USA
See Similar Deals2,736 SF
Sold 10/28/2021
Summary
FLORIDA
Price Per Square Foot:$877
Total Square Footage:2,736 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69
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