Faina & Igor Grosman Acquire Condo On 16901 Collins Avenue In Sunny Isles Beach For $3.7M
16901 Collins Avenue
$3,668,000
$1,465/SF
Building Size
2,503 SF
Asset Type
Condo
Closing
Jun 30, 2023
AI
A condo located at 16901 Collins Avenue in Sunny Isles Beach has been sold in a recent transaction. The property, spanning 2,503 square feet, was sold for a price of $3,668,000. The sale price translates to a price per square foot of $1,465.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,668,000
- Address: 16901 Collins Avenue
- Market: Sunny Isles Beach
The buyers of the property are Faina and Igor Grosman, while the seller is Kim Gordon. The deal was facilitated by Daniela Levtov of Smart Luxe Realty acting as the broker representative.
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
4.32%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93