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18001 Collins Avenue, Sunny...

Gil Dezer Acquires Package Deal In Sunny Isles Beach For $2.45M With One Sotheby's International Realty
SOLD

Gil Dezer Acquires Package Deal In Sunny Isles Beach For $2.45M With One Sotheby's International Realty

18001 Collins Avenue, Sunny Isles Beach, FL, USA

$2,450,000

$374/SF

Building Size

6,545 SF

Asset Type

Closing

Oct 29, 2021

AI

The property involved in this transaction is a Package Deal located at 18001 Collins Ave in Sunny Isles Beach. The sale took place on 10/29/2021. The buyer was Gil Dezer, and the seller was Rivo Alto Capital. The deal was facilitated by brokers Brigitte Lina and Yohan Chemla from One Sotheby's International Realty. The property has a total square footage of 6,545, and the sale price was $2,450,000. The asking price for the property was $3,018,000, resulting in a price per square foot of $374.

Summary of transaction details

This transaction showcases the collaboration between Gil Dezer as the buyer and Rivo Alto Capital as the seller. The deal was successfully closed with the assistance of brokers Brigitte Lina and Yohan Chemla from One Sotheby's International Realty, who played a vital role in facilitating the transaction.

Players

Brigitte Lina

Sotheby's International Realty

Broker

$34.7M

vol

8 deals

Broker
Gil Dezer

Gil Dezer

Buyer

$932.8M

vol

8 deals

Buyer

North Miami 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93