Marc Garson Acquires Sunny Isles Beach Condo For $2.7M
18201 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$2,175,000
$1,379/SF
Building Size
1,577 SF
Asset Type
—
Closing
Dec 9, 2021
About this deal
AI
The Condo located at 18201 Collins Ave Apt 4501 in Sunny Isles Beach was recently sold for $2,699,000. The property has a total square footage of 3,016, equating to a price per square foot of $895.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,699,000
- Date: 04/04/2022
- Address: 18201 Collins Ave Apt 4501
- Market: Sunny Isles Beach
- Buyer: Marc Garson
- Seller: Oleg Sherman and Milana Sherman
The buyer's representative, Mathew Dugow from Compass, facilitated the transaction on behalf of Marc Garson. The seller's representative, Steven Landau from Silmar Realty, represented Oleg Sherman and Milana Sherman in the deal.
On the Map
$2,175,000
$1,379/SF
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Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $2.2M for 1,577 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93