David Schneider Acquires $4M Condo In Sunny Isles Beach From Fortune International Group & Chateau Group
SOLD
$4,000,000
Florida
See Similar DealsCondo3,080 SF
Sold 03/29/2022
SOLD
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
See Similar DealsCondo3,080 SF
Sold 03/29/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,298
Total Square Footage:3,080 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49
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