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

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SOLD
$3,300,000

Florida

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Condo2,503 SF
Sold 06/03/2022
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Property Image
SOLD

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

16901 Collins Ave Unit 803

See Similar Deals
Condo2,503 SF
Sold 06/03/2022
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,318
Total Square Footage:2,503 SF
Transaction Type:Sale

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
10 deals$56.1M volume
BROKER

Details

SOLD
IMAGE: Daniela Levtov DATE: 06/03/2022 ADDRESS: 16901 Collins Ave Unit 803 MARKET: Sunny isles Beach ASSET TYPE: Condo BUYER: Bradley Riemenap & Kimberly Gordon SELLER: GG26 LLC - Stella Maris Barrifi and Enrique Gallo BROKER: Daniela Levtov (@Daniela_Levtov) - Smart Luxe Realty (@Smart.Luxe.Realty) SALE PRICE: $3,300,000 SF: ,2503 ~ PPSF: $1,318

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$175,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20