Nestor Pedraza & Ana Pedraza Acquire Condo At 18555 Collins Ave. Apt 1501, Sunny Isles Beach For $5.4M
18555 Collins Ave
$5,400,000
$1,300/SF
Building Size
4,154 SF
Asset Type
—
Closing
Dec 23, 2021
About this deal
AI
The property involved in this transaction is a condo located at 18555 Collins Ave. Apt 1501 in Sunny Isles Beach. It was sold on December 23, 2021. The asset boasts a total area of 4,154 square feet and was purchased for a sale price of $5,400,000. The price per square foot amounts to $1,300.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $5,400,000
- Address: 18555 Collins Ave. Apt 1501, Sunny Isles Beach
- Market: Sunny Isles Beach
Nestor Pedraza and Ana Pedraza were the buyers of this property. The seller was Infinity Spaces Holding, LLC. Representing the buyers in this transaction was M. Laura Rojas from Beachfront Realty, Inc.
For any inquiries or further information about this property, you can reach out to M. Laura Rojas, a Luxury Real Estate Expert, at 305.915.8073. You can also find her on Instagram at @laurarojasrealtor and on Facebook as LauraRojasRealtor.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93