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
About this deal
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.
The commercial sale at 18501 Collins Avenue in Sunny Isles Beach, Florida sold for $3.7M in 2021. The building is 6,690 square feet, implying about 558 per square foot on the published price. Adam Gurewicz, Dezer Platinum Realty, Compass appear on the sale alongside Dezer Platinum Realty, Compass. This page is the Sunny Isles Beach, Florida file for the 18501 Collins Avenue commercial sold: pricing, party profiles, and other closed commercial comps from the same Sunny Isles Beach sit in the Market section below. Filter that Sunny Isles Beach commercial set by closing date to see what else sold near 18501 Collins Avenue around 2021. Published consideration for 18501 Collins Avenue is $3.7M, dated 2021. Cite this Compass Represents Buyer In $3.7M Condo Sale On Collins Avenue sale when underwriting similar commercial product around Sunny Isles Beach, Florida.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Adam Gurewicz to view all their deals.
Browse Sunny Isles Beach sales on Traded.
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