Mikhail Mudrik Acquires Condo At Ritz Carlton In Sunny Isles Beach For $4.45M
15701 Collins Avenue - Ritz Carlton, Sunny Isles Beach, Fl
$4,450,000
$1,444/SF
Building Size
3,080 SF
Asset Type
Condo
Closing
Feb 7, 2022
About this deal
AI
A waterfront condo located at 15701 Collins Avenue in the Ritz Carlton building in Sunny Isles Beach has been recently sold for $4,450,000. This luxurious property offers a generous 3,080 square feet of living space, equivalent to a price per square foot of $1,445. Its prime location and stunning views make it an exquisite investment opportunity in the Sunny Isles Beach market.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,450,000
- Address: 15701 Collins Avenue, Ritz Carlton, Sunny Isles Beach
- Market: Sunny Isles Beach
- Broker: Mikhail Mudrik - The Agency
Mikhail Mudrik of The Agency represented the buyer and facilitated this successful transaction. With their expertise in the luxury real estate market, they ensured a smooth and seamless experience for their client. The buyer made an excellent choice investing in this prime waterfront condo, and The Agency's reputation for excellence and professionalism further solidifies their position as a leading brokerage in the area.
Players
North Miami Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $4.5M for 3,080 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.56%
Cash-on-Cash
-1.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93