Alberto Saba Acquires Sunny Isles Beach Condo From Trump Group For $10.1M
17909 Collins Avenue, Sunny Isles Beach, Florida 33139, United States
$10,100,000
Building Size
—
Asset Type
—
Closing
Oct 6, 2022
About this deal
AI
A luxury condo unit located at 17909 Collins Avenue Unit TS1204 in Sunny Isles Beach has been sold in a recent transaction. The property, owned by the Trump Group and sold by Jules Trump, features high-end amenities and is situated in a prime location near the beach. The sale price for this condo unit was $10,100,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,100,000
- Address: 17909 Collins Avenue Unit TS1204, Sunny Isles Beach
- Market: Sunny Isles Beach
Alberto Saba purchased the condo unit from Jules Trump, who represented the Trump Group as the seller's agent. This transaction marks a significant deal in the Sunny Isles Beach real estate market, showcasing the demand for luxury properties in this desirable location.
On the Map
$10,100,000
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Sunny Isles Beach CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.57%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93