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19333 Collins Avenue, Sunny...

Edward Gary Marshall Acquires Sunny Isles Beach Condo From Edward Letko For $1.74M
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

$1,740,000

$755/SF

Building Size

2,303 SF

Asset Type

Closing

Dec 15, 2021

AI

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.

Players

Michelle Lynn Judd

Broker

$12.8M

vol

4 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

9.12%

Cash-on-Cash

-2.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93