Robert Williams Purchases Sunny Isles Beach Condo From Gyan Florida For $2.45M With Broker Representation
SOLD
$2,450,000
Florida
See Similar DealsCondo2,245 SF
Sold 03/12/2025
SOLD
Robert Williams Purchases Sunny Isles Beach Condo From Gyan Florida For $2.45M With Broker Representation
16047 Collins Avenue
See Similar DealsCondo2,245 SF
Sold 03/12/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,091
Total Square Footage:2,245 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$130,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,704.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,614.25
Annual Debt Service$139,371.00
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