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
About this deal
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.
On the Map
$20,552,000
$4,117/SF
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Players
Sunny Isles Beach CRE Market Snapshot
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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