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15701 Collins Avenue, Sunny...

Fortune International Group Sells Condo In Sunny Isles Beach For $4,006,000
SOLDCondo

Fortune International Group Sells Condo In Sunny Isles Beach For $4,006,000

15701 Collins Avenue, Sunny Isles Beach, FL, USA

$4,006,000

$1,300/SF

Building Size

3,080 SF

Asset Type

Condo

Closing

Aug 31, 2021

AI

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.

Players

Mike de Graaf

Sotheby's International Realty

Broker

$8.5M

vol

2 deals

Broker
Fortune International Group
Fortune International GroupBrokerage
Fortune International Group
Fortune International GroupSeller

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

3.96%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93