Golden Keys Realty Acquires Condo In Sunny Isles Beach For $5.7M
18501 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$5,700,000
$1,965/SF
Building Size
2,900 SF
Asset Type
—
Closing
Dec 21, 2021
About this deal
AI
A condo located at 18501 Collins Ave 2602 in Sunny Isles Beach has been sold. The property features a total area of 3,110 square feet and is situated in the market of Sunny Isles Beach. The sale took place on 12/21/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,700,000
- Asking Price: $5,800,000
- Square Footage: 3,110
- Price per Square Foot: $1,833
The transaction was facilitated by Victoria Romanenko, Maríana Shulga, and Marina Chebin from Golden Keys Realty. They represented the buyers and sellers in the deal.
On the Map
$5,700,000
$1,965/SF
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Players
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
2.78%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93