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16901 Collins Avenue, Sunny...

Miami Global Realty Acquires Sunny Isles Beach Condo For $4.7M
SOLDCondo

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

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

Matias Alem

BRG International

Broker

$224.3M

vol

33 deals

Broker

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