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
About this deal
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.
On the Map
$4,006,000
$1,300/SF
Condo
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Sunny Isles Beach Condo Market Snapshot
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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