Douglas Elliman Sells Sunny Isles Beach Condo For $4.7M
15701 Collins Ave #2802, Sunny Isles Beach, FL 33160, USA
$4,725,000
$1,909/SF
Building Size
2,475 SF
Asset Type
Condo
Closing
Dec 30, 2021
AI
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
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.36%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93