Inga Boutboul Leads $9.7M Record-Breaking Sale Of Jade Beach Penthouse
17001 Collins Avenue
$9,700,000
$2,160/SF
Building Size
4,490 SF
Asset Type
Condo
Closing
Apr 12, 2024
AI
The Jade Beach Penthouse, located at 17001 Collins Avenue (PH-1) in Sunny Isles Beach, was recently sold for a record-breaking price of $9,700,000. The condo spans 4,490 square feet, equating to a price per square foot of $2,160.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $9,700,000
- Address: 17001 Collins Avenue (PH-1)
- Market: Sunny Isles Beach
- Seller's Rep: Inga Boutboul - One Sothebys International Realty
Inga Boutboul from One Sothebys International Realty represented the seller in the sale of the Jade Beach Penthouse. The property's sale at $9,700,000 marks a significant transaction in the Sunny Isles Beach real estate market.
Market 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93