Miami Global Realty Acquires Sunny Isles Beach Condo For $4.7M
16901 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$4,700,000
$1,554/SF
Building Size
3,024 SF
Asset Type
Condo
Closing
May 5, 2022
About this deal
AI
The property involved in this transaction is a condominium located at 16901 Collins Ave in Sunny Isles Beach. The condo spans 3,024 square feet and boasts a sale price of $4,700,000. With a price per square foot of $1,554, this property offers a luxurious living space in a prime location.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,700,000
- Address: 16901 Collins Ave, Sunny Isles Beach
The buyer's representative in this deal is Marine Rollins, who is associated with Miami Global Realty. On the other side, Matias Alem and Sergio Balinotti, both from BRG International, represent the seller. These individuals played a crucial role in facilitating the successful completion of this property transaction.
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93