G Realty Group Acquires Condo In Sunny Isles Beach For $5.56M
15701 Collins Ave #4901
$5,560,000
$1,982/SF
Building Size
2,804 SF
Asset Type
Condo
Closing
Oct 28, 2022
About this deal
AI
A condominium located at 15701 Collins Ave in Sunny Isles Beach, Miami has been sold for $5,560,000. The property spans across 2,804 square feet and has a price per square foot of $1,983.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,560,000
- Square Footage: 2,804
- Price per Square Foot: $1,983
- Address: 15701 Collins Ave, Sunny Isles Beach, Miami
Sarah Gozlan of G Realty Group, LLC represented the buyer in this transaction, while Daniel Tzinker and Mikhail Mudrik of The Agency Florida, LLC acted as the seller's representatives.
On the Map
$5,560,000
$1,982/SF
Condo
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Players
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
2.85%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93