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
About this deal
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
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $755 per square foot on a published $1.7M for 2,303 square feet (2021).
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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