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The AMS Team Acquires Residential Apt/Condo At 400 Sunny Isles Blvd Sunny Isles Beach For $2.4M

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SOLD
$2,400,000

Florida

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3,088 SF
Sold 09/23/2022
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Property Image
SOLD

The AMS Team Acquires Residential Apt/Condo At 400 Sunny Isles Blvd Sunny Isles Beach For $2.4M

400 Northeast 163rd Street, Sunny Isles Beach, Florida 33160, United States

See Similar Deals
3,088 SF
Sold 09/23/2022
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Summary

FLORIDA
Price Per Square Foot:$777
Total Square Footage:3,088 SF
Transaction Type:Sale

Ani Sanchez and Yedri Villafane of The AMS Team at ONE Sotheby’s International Realty represented the buyer and seller in the sale of a residential apartment located at 400 Sunny Isles Blvd in Sunny Isles Beach. The transaction took place on September 23, 2022.

Summary of transaction details:

  • Property Type: Residential Apartment/Condo/SFR
  • Sale Price: $2,400,000
  • Square Footage: 3,088
  • Price per Square Foot: $777
  • Address: 400 Sunny Isles Blvd, Sunny Isles Beach

The property, encompassing 3,088 square feet, was sold for a total price of $2,400,000, resulting in a price per square foot of $777. The transaction was facilitated by Ani Sanchez and Yedri Villafane from The AMS Team at ONE Sotheby’s International Realty, who represented both the buyer and seller.

Players

Ani Sanchez
6 deals$21M volume
BROKER

Yedri Villafane
Sotheby's International Realty
6 deals$21M volume
BROKER

Details

SOLD
IMAGE: Ani Sanchez & Yedri Villafane DATE: 09/23/2022 ADDRESS: 400 Sunny Isles Blvd  MARKET: Sunny Isles Beach ASSET TYPE: Residential Apt / Condo / SFR BROKERS: Ani Sanchez (@AnimSanchezc) & Yedri Villafane (@YedriVillafane) - The AMS Team (@TheAMSTeam) - ONE Sotheby’s International Realty (@Onesir) SALE PRICE: $2,400,000 SF: 3,088 ~ PPSF: $777

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69