Compass Team Acquires Sunny Isles Beach Condo For $16.6M
18555 Collins Avenue, Sunny Isles Beach, FL, USA
$16,600,000
$2,712/SF
Building Size
6,121 SF
Asset Type
—
Closing
Jul 20, 2020
AI
A luxury condo located at 18555 Collins Avenue in Sunny Isles Beach was recently sold in a closed transaction. The property offers a spacious living space of 6,121 square feet. The asking price for this condo was set at $16,995,000, and it was sold for a final price of $16,600,000, resulting in a price per square foot of $2,712.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $16,600,000
- Address: 18555 Collins Avenue, Sunny Isles Beach
- Total Square Footage: 6,121
- Asking Price: $16,995,000
- Price per Square Foot: $2,712
The seller's representatives for this transaction were Alex & Joe Team at Compass, while the buyer was represented by Sebastian Tettamanti at Dezer.
Players
Sunny Isles 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
0.96%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93