Fred Delman Acquires Condo In Sunny Isles Beach For $1.675M
18911 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$1,675,000
$424/SF
Building Size
3,945 SF
Asset Type
—
Closing
Apr 10, 2022
AI
Located at 18911 Collins Ave in Sunny Isles Beach, this condominium property was recently sold in a closed transaction. The condo spans a total of 2,136 square feet and boasts a desirable oceanfront location.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,675,000
- Asking Price: $1,749,900
- Square Footage: 2,136
- Price per Square Foot: $784
- Buyer: Fred Delman
- Seller: Ana Ines
- Broker: Victoria Romanenko - Golden Keys Realty
The buyer in this transaction is Fred Delman, while the seller is Ana Ines. Representing the buyer and seller in this deal is Victoria Romanenko from Golden Keys Realty. The asking price for the condo was listed at $1,749,900, and it was eventually sold for $1,675,000. The price per square foot was calculated at $784.
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93