RDR SEASHORE LLC Sells Armani Casa Condo In Sunny Isles Beach For $3.05M
18975 Collins Avenue, Sunny Isles Beach, FL, USA
$3,050,000
$1,919/SF
Building Size
1,589 SF
Asset Type
—
Closing
Jun 3, 2020
AI
18975 Collins Ave in Sunny Isles Beach, Florida, was recently sold. The property, known as Armani Casa, is a condo with approximately 3,050 square feet of space. The sale took place on June 3, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,050,000
- Address: 18975 Collins Ave, Sunny Isles Beach, Florida
- Developer: RDR SEASHORE LLC
- Developer's Representative: Michelle Judd (@MichelleLynnJudd)
- Brokers: Tal Alexander (@TalAlexander) and Oren Alexander (@OrenAlexander), Leah Barney Miami (@LeahBarneyMiami), Alexander Team - Douglas Elliman
- Square Footage: 3,050
- Price per Square Foot: $1,000
The property was sold by RDR SEASHORE LLC. Michelle Judd represented the developer in this transaction. The brokers involved in the deal were Tal Alexander, Oren Alexander, Leah Barney Miami, and the Alexander Team from Douglas Elliman.
Players
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93