Inga Boutboul Leads $9.7M Record-Breaking Sale Of Jade Beach Penthouse
SOLD
$9,700,000
Florida
See Similar DealsCondo4,490 SF
Sold 04/12/2024
SOLD
Inga Boutboul Leads $9.7M Record-Breaking Sale Of Jade Beach Penthouse
17001 Collins Avenue
See Similar DealsCondo4,490 SF
Sold 04/12/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,160
Total Square Footage:4,490 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$517,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,462.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,982.95
Annual Debt Service$551,795.38
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