Inga Boutboul & Adriana Vargas Hernandez Lease Condo At Sunny Isles Beach For $35,000/Month As Representatives
18501 Collins Avenue
Building Size
10 SF
Asset Type
Condo
Closing
Apr 15, 2024
AI
The property involved in the lease is a condo located at 18501 Collins Avenue, Unit 1104 in Sunny Isles Beach. The lease was facilitated by Inga Boutboul from ONE Sotheby's International Realty representing the tenant, and Adriana Vargas Hernandez from Acqualina Realty representing the landlord. The monthly rent for this residence is $35,000. The lease was just completed at The Turnberry Ocean Club Residences.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $35,000/Month
- Address: 18501 Collins Avenue, Unit 1104
- Market: Sunny Isles Beach
- Landlord's Rep: Adriana Vargas Hernandez - Acqualina Realty
- Tenant's Rep: Inga Boutboul - ONE Sotheby's International Realty
If you are interested in learning more about the property or arranging a private preview, you can contact Adriana Vargas Hernandez at [email protected] or 305.389.5428.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93