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Douglas Elliman Sells Sunny Isles Beach Condo For $4.7M

Property Image
SOLD
$4,725,000
Ryan Farbstein
Max Farbstein

Florida

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Condo2,475 SF
Sold
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Property Image
SOLD

Douglas Elliman Sells Sunny Isles Beach Condo For $4.7M

15701 Collins Ave #2802, Sunny Isles Beach, FL 33160, USA

See Similar Deals
Condo2,475 SF
Sold
Ryan Farbstein
Max Farbstein
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1909
Total Square Footage:2475 SF
Transaction Type:Sale

A luxury condominium in Sunny Isles Beach has been sold for a staggering price of $4,725,000. The property, located at 15701 Collins Ave, offers a spacious area of 2,475 square feet. With a price per square foot of $1,909, this condo stands out as an exquisite asset in the market.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,725,000
  • Address: 15701 Collins Ave, Sunny Isles Beach
  • Square Footage: 2,475 sqft
  • Price per Square Foot: $1,909

Ryan Farbstein and Max Farbstein, representing The Farbstein Team at Douglas Elliman, successfully facilitated the sale of this remarkable property. Their expertise and professional approach ensured a seamless transaction between the buyer and seller. The Farbstein Team's reputation in the industry played a significant role in making this deal happen.

Players

Max Farbstein
Official
Max Farbstein
13 deals$92.8M volume(201) 572-2768
BROKER
Ryan Farbstein
Official
Ryan Farbstein
13 deals$92.8M volume(201) 572-2770
BROKER

Details

SOLD
IMAGE: Max Farbstein & Ryan Farbstein DATE: 12/30/2021 ADDRESS: 15701 Collins Ave MARKET: Sunny Isles Beach ASSET TYPE: Condo SELLER'S REP: Ryan Farbstein (@RyanFarb) & Max Farbstein (@Max_Farb) - The Farbstein Team (@TheFarbsteinTeam) - Douglas Elliman (@DouglasElliman) SALE PRICE: $4,725,000 SF: 2,475 ~ PPSF: $1,909

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$252,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,786.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,398.91
Annual Debt Service$268,786.93