Fortune International Group Sells Condo In Sunny Isles Beach For $4,006,000
SOLD
$4,006,000
Florida
See Similar DealsCondo3,080 SF
Sold 08/31/2021
SOLD
Fortune International Group Sells Condo In Sunny Isles Beach For $4,006,000
15701 Collins Avenue, Sunny Isles Beach, FL, USA
See Similar DealsCondo3,080 SF
Sold 08/31/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,300
Total Square Footage:3,080 SF
Transaction Type:Sale
The property asset involved in this transaction is a condo located at 15701 Collins Ave in Sunny Isles Beach. It encompasses a total area of 3,080 square feet and was listed for an asking price of $4,300,000. The final sale price was $4,006,000, leading to a price per square foot of $1,301.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,006,000
- Address: 15701 Collins Ave
- Market: Sunny Isles Beach
- Seller: Fortune International Group
- Buyer's Representative: Mike de Graaf
- Square Footage: 3,080
- Asking Price: $4,300,000
- Price per Square Foot: $1,301
Mike de Graaf represented the buyer in this transaction, while the seller was represented by Fortune International Group. Details about the seller's representative were not provided.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,653.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,232.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,990.48
Annual Debt Service$227,885.81
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