Adriana Vargas Hernandez & Alina Kavall Acquire Sunny Isles Beach Condo For $10.5M
117901 Collins Avenue
$10,500,000
$1,884/SF
Building Size
5,573 SF
Asset Type
Condo
Closing
Sep 8, 2022
AI
Located at 117901 Collins Ave., Unit 1607 in Sunny Isles Beach, this condo was recently sold for a total price of $10,500,000. The property spans 5,573 square feet, resulting in a price per square foot of $1,884. The transaction was facilitated by Alina Kavall, who represented the buyer, and Adriana Vargas Hernandez, who represented the seller through The Estates at Acqualina.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,500,000
- Square Footage: 5,573
- Price per Square Foot: $1,884
- Address: 117901 Collins Ave., Unit 1607
- Market: Sunny Isles Beach
This sale was made possible through the representation of Alina Kavall, who served as the buyer's representative, and Adriana Vargas Hernandez, who represented the seller on behalf of The Estates at Acqualina. For further information about other exclusive off-market listings at The Estates at Acqualina, please contact Adriana Vargas Hernandez at 305.389.5428 or [email protected].
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93