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16901 Collins Avenue

Faina & Igor Grosman Acquire Condo On 16901 Collins Avenue In Sunny Isles Beach For $3.7M
SOLDCondo

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

Daniela Levtov

Smart Luxe Realty

Broker

$56.1M

vol

10 deals

Broker

Igor Grosman

Buyer

$6.7M

vol

2 deals

Buyer

Kim Gordon

Seller

$49.7M

vol

2 deals

Seller

Sunny Isles Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

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