RDR SEASHORE LLC Sells Armani Casa Condo In Sunny Isles Beach For $3.05M
SOLD
Florida
See Similar Deals1,589 SF
Sold 06/03/2020
SOLD
RDR SEASHORE LLC Sells Armani Casa Condo In Sunny Isles Beach For $3.05M
18975 Collins Avenue, Sunny Isles Beach, FL, USA
See Similar Deals1,589 SF
Sold 06/03/2020
Summary
FLORIDA
Price Per Square Foot:$1,919
Total Square Footage:1,589 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$162,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67
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