Alberto Saba Acquires Sunny Isles Beach Condo From Trump Group For $10.1M
SOLD
$10,100,000
Florida
See Similar DealsSold 10/07/2022
SOLD
Alberto Saba Acquires Sunny Isles Beach Condo From Trump Group For $10.1M
17909 Collins Avenue, Sunny Isles Beach, Florida 33139, United States
See Similar DealsSold 10/07/2022
Summary
FLORIDA
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$538,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$35,883.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$47,879.15
Annual Debt Service$574,549.83
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