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17749 Collins Avenue

Daniela Rendon Leases Residential Condo On Sunny Isles' Collins Ave. For Record $35,500/month
LEASEDCondo

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

Daniela Rendon

Broker

$5.2M

vol

2 deals

Broker

Sunny Isles Beach Condo Market Snapshot

Boundary boundary · Condo · Lease transactions

Loading comparables…

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