Shelly Northern Acquires Condo In Sunny Isles Beach For $2.8M
18975 Collins Avenue, Sunny Isles Beach, FL 33160, USA
$2,800,000
$1,030/SF
Building Size
2,716 SF
Asset Type
—
Closing
Apr 28, 2021
AI
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
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
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93