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16901 Collins Ave Unit 803

Bradley Riemenap & Kimberly Gordon Acquire Sunny Isles Beach Condo For $3.3M
SOLDCondo

Bradley Riemenap & Kimberly Gordon Acquire Sunny Isles Beach Condo For $3.3M

16901 Collins Ave Unit 803

$3,300,000

$1,318/SF

Building Size

2,503 SF

Asset Type

Condo

Closing

Jun 3, 2022

AI

A 2,503 square foot condo located at 16901 Collins Ave Unit 803 in Sunny Isles Beach has been sold. The property was sold by GG26 LLC, represented by Stella Maris Barrifi and Enrique Gallo, to buyers Bradley Riemenap and Kimberly Gordon. The transaction was facilitated by broker Daniela Levtov of Smart Luxe Realty. The sale price for the condo was $3,300,000, with a price per square foot of $1,318.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,300,000
  • Address: 16901 Collins Ave Unit 803, Sunny Isles Beach
  • Market: Sunny Isles Beach
  • Buyers: Bradley Riemenap & Kimberly Gordon
  • Seller: GG26 LLC - Stella Maris Barrifi and Enrique Gallo
  • Broker: Daniela Levtov - Smart Luxe Realty
  • Square Footage: 2,503
  • Price per Square Foot: $1,318

The buyers, Bradley Riemenap and Kimberly Gordon, have acquired a 2,503 square foot condo located in Sunny Isles Beach. The property was sold by GG26 LLC, with the transaction being facilitated by broker Daniela Levtov of Smart Luxe Realty. This sale represents a significant investment in the Sunny Isles Beach market, with a sale price of $3,300,000 and a price per square foot of $1,318.

Players

Daniela Levtov

Smart Luxe Realty

Broker

$56.1M

vol

10 deals

Broker

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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93