Compass Represents Buyer In $3.7M Condo Sale On Collins Avenue
SOLD
$3,736,000
Florida
See Similar Deals6,690 SF
Sold 03/18/2021
SOLD
Compass Represents Buyer In $3.7M Condo Sale On Collins Avenue
18501 Collins Avenue
See Similar Deals6,690 SF
Sold 03/18/2021
Summary
FLORIDA
Price Per Square Foot:$558
Total Square Footage:6,690 SF
Transaction Type:Sale
An oceanfront condo located at 18501 Collins Avenue in Sunny Isles Beach has been sold for $3,736,000. The property is part of the Beach Club Acquisitions LLC and was purchased on March 19, 2021. The transaction was facilitated by Adam Gurewicz of Compass.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,736,000
- Address: 18501 Collins Avenue, Sunny Isles Beach
- Market: Sunny Isles Beach
Adam Gurewicz from Compass represented the buyer in this deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,253.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,273.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,710.55
Annual Debt Service$212,526.55
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