Luxury Condo In Jade Signature Sold For $8M In Sunny Isles Beach
16901 Collins Avenue
$8,000,000
$1,834/SF
Building Size
4,361 SF
Asset Type
Condo
Closing
Jan 5, 2024
AI
A luxury condo unit located at 16901 Collins Avenue in Jade Signature, Sunny Isles Beach, has been sold in a closed transaction. The property offers a total area of 4,361 square feet, with a price per square foot of $1,834. The sale price for this exquisite condo was $8,000,000, slightly below the original asking price of $8,500,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,000,000
- Address: 16901 Collins Avenue, Jade Signature
- Market: Sunny Isles Beach
- Buyer's Rep: Jose Manuel Santovena - Luxe Living Realty
- Seller's Rep: Alexander Flikshteyn - Miami Beach Prestige Realty
- Sale Price per Square Foot: $1,834
Jade Signature's condo sale was facilitated by Alexander Flikshteyn from Miami Beach Prestige Realty representing the seller, and Jose Manuel Santovena from Luxe Living Realty acting as the buyer's representative. The deal closed on January 5, 2024.
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93