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16901 Collins Avenue, Sunny...

Liat Toledano And Isaac Toledano Acquire Condo In Sunny Isles Beach For $15M
SOLDCondo

Liat Toledano And Isaac Toledano Acquire Condo In Sunny Isles Beach For $15M

16901 Collins Avenue, Sunny Isles Beach, Florida 33160, United States

$15,000,000

$1,666,666/SF

Building Size

9 SF

Asset Type

Condo

Closing

May 29, 2023

AI

An impressive condominium located at 16901 Collins Avenue in Sunny Isles Beach has been sold in a closed transaction. The property, with a size of 9,200 square feet, was purchased for a sale price of $15,000,000, resulting in a price per square foot of $1,630. The stunning condo is part of the BH Group's portfolio.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $15,000,000
  • Address: 16901 Collins Avenue
  • Market: Sunny Isles Beach

This remarkable deal involved several key individuals and companies. The buyers, Liat Toledano and Isaac Toledano, both represented by BH Group, saw the potential in this luxurious property. On the selling side, Gabius Miami Properties LLC, represented by Silvia L. Rosen from LionX Advisors Corp, closed the transaction. The Carroll Group from Compass, comprising Sheerelle Toledano, Chad Carroll, and Matthew Dugow, played a pivotal role in facilitating the deal as brokers. City National Bank provided the necessary financing for this transaction.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker
Liat Toledano

Liat Toledano

BH Group

Buyer

$814.1M

vol

12 deals

Buyer

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

1.06%

Cash-on-Cash

-0.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93