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19575 Collins Avenue, Sunny...

Mark Pordes & Adam Kaufman Acquire Sunny Isles Beach Condo For $20.6M
SOLD

Mark Pordes & Adam Kaufman Acquire Sunny Isles Beach Condo For $20.6M

19575 Collins Avenue, Sunny Isles Beach, Florida 33160, United States

$20,552,000

$4,117/SF

Building Size

4,992 SF

Asset Type

Closing

Feb 24, 2022

AI

A penthouse located at 19575 Collins Ave in Sunny Isles Beach has been sold in a recent transaction. The property, a luxury condo, was sold for a price of $20,552,000.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $20,552,000
  • Date of Sale: 02/25/2022
  • Address: 19575 Collins Ave PH43, Sunny Isles Beach

The buyer's representatives for this transaction were Mark Pordes and Adam Kaufman from Pordes Residential. On the other hand, the seller's representative was Jeff Miller from ONE Sotheby’s International Realty and Concierge Auctions.

Players

Jill Hertzberg

Coldwell Banker

Broker

$2.4B

vol

92 deals

Broker

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

0.77%

Cash-on-Cash

-0.22%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93