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18975 Collins Avenue, Sunny...

RDR SEASHORE LLC Sells Armani Casa Condo In Sunny Isles Beach For $3.05M
SOLD

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

Oren Alexander

Official

Broker

$2B

vol

106 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

5.20%

Cash-on-Cash

-1.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93