SOLD
Compass Represents Buyer In $3.7M Condo Sale On Collins Avenue
18501 Collins Avenue
$3,736,000
$558/SF
Building Size
6,690 SF
Asset Type
—
Closing
Mar 18, 2021
AI
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
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
4.25%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93