Nora And Loren Loverde Acquire Condo In Sunny Isles Beach For $3.3M
16051 Collins Avenue
$3,300,000
$883/SF
Building Size
3,735 SF
Asset Type
Condo
Closing
Oct 19, 2023
About this deal
AI
A condo located at 16051 Collins Avenue in Sunny Isles Beach has been sold for $3,300,000. This spacious property spans across 3,735 square feet, offering ample space for its new owners. With a price per square foot of $884, this condo presents a desirable investment opportunity in the real estate market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,300,000
- Address: 16051 Collins Avenue, Sunny Isles Beach
The buyers of this condo are Nora and Loren Loverde, while the sellers are Marcelo and Ana Carolina Bittencourt. Nora and Loren were represented by Joseph Khalil from Avanti Realty, who assisted them throughout the transaction. On the other hand, Marcia Page from ONE Sotheby's International Realty represented the sellers, providing professional guidance and expertise.
On the Map
$3,300,000
$883/SF
Condo
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Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $883 per square foot on a published $3.3M for 3,735 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93