Edward Gary Marshall Acquires Sunny Isles Beach Condo From Edward Letko For $1.74M
SOLD
$1,740,000
Florida
See Similar Deals2,303 SF
Sold 12/15/2021
SOLD
Edward Gary Marshall Acquires Sunny Isles Beach Condo From Edward Letko For $1.74M
19333 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
See Similar Deals2,303 SF
Sold 12/15/2021
Summary
FLORIDA
Price Per Square Foot:$755
Total Square Footage:2,303 SF
Transaction Type:Sale
The recently closed property transaction in Sunny Isles Beach involves a condo located at 19333 Collins Ave PH 2807. This stunning penthouse spans across 2,303 square feet and was sold at a price of $1,740,000, resulting in a price per square foot of $756. The property was listed at an asking price of $1,750,000, and it has been a successful sale in the market.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $1,740,000
- Address: 19333 Collins Ave PH 2807
- Market: Sunny Isles Beach
The buyer in this transaction is Edward Gary Marshall, while the seller is Edward Letko. The deal was facilitated by Ekaterina Brosda, representing Brosda and Bentley Realtors, and Michelle Judd, representing Dezer Platinum Realty. These brokers played a crucial role in ensuring the successful closing of the property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$92,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,181.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,248.49
Annual Debt Service$98,981.85
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