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
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