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400 Northeast 163rd Street,...

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

$2,400,000

$777/SF

Building Size

3,088 SF

Asset Type

Closing

Sep 22, 2022

AI

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

Sotheby's International Realty

Broker

$21M

vol

6 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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93