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18501 Collins Avenue, North...

Linda Boland Abraham & Magid M Abraham Acquire Condo At 18501 Collins Ave For $14.25M
SOLD

Linda Boland Abraham & Magid M Abraham Acquire Condo At 18501 Collins Ave For $14.25M

18501 Collins Avenue, North Miami Beach, Florida 33160, United States

$14,250,000

Building Size

Asset Type

Closing

Mar 29, 2022

AI

The property involved in this transaction is a condominium located at 18501 Collins Ave in North Miami Beach, FL. The sale took place on March 30, 2022, with a selling price of $14,250,000.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $14,250,000
  • Buyer: Linda Boland Abraham & Magid M Abraham
  • Seller: Sheryl Kass
  • Address: 18501 Collins Ave, North Miami Beach, FL

The buyers in this transaction are Linda Boland Abraham and Magid M Abraham. The seller is Sheryl Kass. No additional information is available regarding the deal's key individuals or companies.

Players

Sheryl Kass

Fontainebleau Development

Seller

$114.3M

vol

2 deals

Seller

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

1.11%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93