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
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
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93