Robert Williams Purchases Sunny Isles Beach Condo From Gyan Florida For $2.45M With Broker Representation
16047 Collins Avenue
$2,450,000
$1,091/SF
Building Size
2,245 SF
Asset Type
Condo
Closing
Mar 12, 2025
About this deal
AI
The property involved in this transaction is a condo located at 16047 Collins Avenue in Sunny Isles Beach. The sale price for the condo was $2,450,000, which equates to a total square footage of 2,245, resulting in a price per square foot of $1,091.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,450,000
- Square Footage: 2,245
- Price per Square Foot: $1,091
- Buyer: Robert Williams
- Seller: Gyan Florida
- Buyer's Representative: Fernando Rodriguez & Miguel Solis - Douglas Elliman
- Market: Sunny Isles Beach
- Date of Transaction: 03/12/2025
Fernando Rodriguez and Miguel Solis represented the buyer, Robert Williams, in this transaction, working under Douglas Elliman. The seller, Gyan Florida, completed this deal as part of the ongoing activity in the Sunny Isles Beach real estate market.
On the Map
$2,450,000
$1,091/SF
Condo
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Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.5M for 2,245 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93