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17875 Collins Ave, Sunny Is...

One Sotheby's International Realty Sells Sunny Isles Beach Condo For $2.4M
SOLD

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

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.

Players

Vanessa Frank

Sotheby's International Realty

Broker

$79.4M

vol

15 deals

Broker

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