Claudia Ramirez & Wendy Paskow Facilitate $1.3M Sale Of Sunny Isles Beach Condo
16485 Collins Avenue
$1,300,000
$643/SF
Building Size
2,020 SF
Asset Type
Condo
Closing
Apr 19, 2024
AI
The condominium located at 16485 Collins Avenue in Sunny Isles Beach was sold for $1,300,000. Spanning 2,020 square feet, the property boasts a direct ocean view, a wrap-around balcony, and access to exclusive club amenities.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,300,000
- Address: 16485 Collins Avenue, Sunny Isles Beach
- Price per Square Foot: $644
- Brokers: Wendy Paskow & Claudia Ramirez - Sotheby's International Realty
Wendy Paskow and Claudia Ramirez from Sotheby's International Realty successfully closed the deal for the condominium in Sunny Isles Beach. They managed to secure a buyer efficiently, significantly reducing the average days on the market by 80 days. The property's selling features, including the spacious square footage, stunning ocean view, expansive balcony, and club amenities, played a pivotal role in attracting the buyer.
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93