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18201 Collins Avenue, Sunny...

Marc Garson Acquires Sunny Isles Beach Condo For $2.7M
SOLD

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

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.

Players

Merve Gumusyazici

Sotheby's International Realty

Broker

$3.4M

vol

2 deals

Broker

Sunny Isles Beach CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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