Nora And Loren Loverde Acquire Condo In Sunny Isles Beach For $3.3M
SOLD
$3,300,000
Florida
See Similar DealsCondo3,735 SF
Sold 10/19/2023
SOLD
Nora And Loren Loverde Acquire Condo In Sunny Isles Beach For $3.3M
16051 Collins Avenue
See Similar DealsCondo3,735 SF
Sold 10/19/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$883
Total Square Footage:3,735 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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