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
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