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18975 Collins Avenue, Sunny...

Luciene Cofresi Acquires Sunny Isles Beach Condo For $5.65M
SOLD

Luciene Cofresi Acquires Sunny Isles Beach Condo For $5.65M

18975 Collins Avenue, Sunny Isles Beach, FL 33160

$5,650,000

$1,800/SF

Building Size

3,138 SF

Asset Type

Closing

Jun 29, 2020

AI

18975 Collins Ave Unit 1800, located in Sunny Isles Beach, was recently sold in a transaction facilitated by Luciene Cofresi of @cofresigroup as the buyer's representative and Daniel Tzinker as the seller's representative.

Summary of transaction details:

  • Property Type: Condo
  • Sale Price: $5,650,000
  • Square Footage: 3,138
  • Price per Square Foot: $1,801

The sale of this condominium unit took place on June 29, 2021. The property offers 3,138 square feet of living space and was sold at a price of $5,650,000, which translates to a price per square foot of $1,801. The transaction was handled by Luciene Cofresi of @cofresigroup, representing the buyer, and Daniel Tzinker, representing the seller.

Players

Daniel Tzinker

The Agency

Broker

$156M

vol

24 deals

Broker

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

2.81%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93