Shelly Northern Acquires Condo In Sunny Isles Beach For $2.8M
SOLD
Florida
See Similar Deals2,716 SF
Sold 04/29/2021
SOLD
Shelly Northern Acquires Condo In Sunny Isles Beach For $2.8M
18975 Collins Avenue, Sunny Isles Beach, FL 33160, USA
See Similar Deals2,716 SF
Sold 04/29/2021
Summary
FLORIDA
Price Per Square Foot:$1,030
Total Square Footage:2,716 SF
Transaction Type:Sale
A condo located at 18975 Collins Ave in Sunny Isles Beach was recently sold for $2,800,000. The transaction took place on April 29, 2021. The property is situated in a market known for its stunning beachfront views and luxurious amenities.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,800,000
The sale of this condo was facilitated by Shelly Northern from ompassFL, representing the buyer and seller. Shelly Northern, a real estate broker from ompassFL, played a crucial role in ensuring a successful transaction.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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