Daniela Rendon Leases Residential Condo On Sunny Isles' Collins Ave. For Record $35,500/month
17749 Collins Avenue
$35,500
$35,500/SF
Building Size
4,609 SF
Asset Type
Condo
Closing
Jun 14, 2021
AI
Located at 17749 Collins Ave in Sunny Isles, this residential condo has recently been leased for a record-breaking price. The property features a spacious 4,609 square feet, offering ample living space for the tenant. The lease was facilitated by Daniela Rendon of Rendon International Realty, who represented the parties involved in the transaction. The asking rent for this luxury condo was set at $35,500 per month.
Summary of transaction details
- Property Type: Residential Condo
- Asking Rent: $35,500 (monthly)
- Square Footage: 4,609
- Address: 17749 Collins Ave
- Market: Sunny Isles
This notable leasing transaction represents the highest rental achieved within the past two years. It showcases the desirability of this residential condo, along with the expertise of Daniela Rendon and her role in securing this lease agreement.
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
446.85%
Cash-on-Cash
-127.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93