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17901 Collins Avenue Sunny ...

Updated Sep 9, 2024

SOLDCo-Op

Adriana Vargas Hernandez - Acqualina Realty Sells Condo For $11M At The Estates In Sunny Isles Beach

17901 Collins Avenue Sunny Isles Beach, Fl 33160

$11,000,000

$1,973/SF

Building Size

5,573 SF

Asset Type

Co-Op

Closing

Oct 18, 2022

About this deal

AI

The Estate at Acqualina in Sunny Isles Beach has seen a notable sale recently. A beautiful condominium located at 17901 Collins Avenue changed hands in a closed transaction. The property, known as the Milano Model, boasts a spacious 5,573 square feet. The sale price for this luxury residence was $11,000,000, resulting in an impressive price per square foot of $1,974.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $11,000,000
  • Square Footage: 5,573
  • Price Per Square Foot: $1,974
  • Address: 17901 Collins Avenue, Sunny Isles Beach
  • Seller's Representative: Adriana Vargas Hernandez from Acqualina Realty

Adriana Vargas Hernandez from Acqualina Realty played a key role in this resale transaction. She represented the seller throughout the process. For more information on other exclusive off-market listings available at The Estates at Acqualina, feel free to contact her directly at 305.389.5428 or [email protected].

Players

Adriana Vargas Hernandez

Acqualina Realty

Broker

$200.3M

vol

28 deals

Broker

Sunny Isles Beach Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Deal FAQ

About $2K per square foot on a published $11M for 5,573 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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