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18501 Collins Avenue

Inga Boutboul & Adriana Vargas Hernandez Lease Condo At Sunny Isles Beach For $35,000/Month As Representatives
LEASEDCondo

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

Inga Boutboul

Sotheby's International Realty

Broker

$54.1M

vol

6 deals

Broker

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