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15701 Collins Avenue, North...

David Schneider Acquires $4M Condo In Sunny Isles Beach From Fortune International Group & Chateau Group
SOLDCondo

David Schneider Acquires $4M Condo In Sunny Isles Beach From Fortune International Group & Chateau Group

15701 Collins Avenue, North Miami Beach, Florida 33160, United States

$4,000,000

$1,298/SF

Building Size

3,080 SF

Asset Type

Condo

Closing

Mar 29, 2022

AI

The property involved in this transaction is a condo located at 15701 Collins Ave, Sunny Isles Beach. The sale price of the property was $4,000,000, with a total square footage of 3,080. The price per square foot calculated for this transaction is $1,299.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,000,000
  • Address: 15701 Collins Ave, Sunny Isles Beach
  • Square Footage: 3,080
  • Price Per Square Foot: $1,299
  • Buyer: David Schneider
  • Seller: Fortune International Group & Chateau Group
  • Broker: Daniel Tzinker - The Agency

The deal was represented by Daniel Tzinker, who acted on behalf of the buyer, David Schneider, in securing the condo from the seller, Fortune International Group & Chateau Group. This transaction was finalized on March 29, 2022.

Players

Daniel Tzinker

The Agency

Broker

$156M

vol

24 deals

Broker
Fortune International Group
Fortune International GroupBrokerage

David Schneider

Buyer

$9.3M

vol

3 deals

Buyer
Fortune International Group
Fortune International GroupSeller

North Miami 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

3.97%

Cash-on-Cash

-1.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93