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.
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