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David Benichou Of Liv Real Estate Group Represents Seller In Sunny Isles Beach Condo Sale For $6.8M

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SOLD
$6,800,000

Florida

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Condo4,105 SF
Sold 06/18/2025
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SOLD

David Benichou Of Liv Real Estate Group Represents Seller In Sunny Isles Beach Condo Sale For $6.8M

17475 Collins Avenue

See Similar Deals
Condo4,105 SF
Sold 06/18/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,656
Total Square Footage:4,105 SF
Transaction Type:Sale

The property involved in this transaction is a condo located at 17475 Collins Avenue, APT 2701, in the Sunny Isles Beach market. The sale price was $6,800,000, and the condo spans 4,105 square feet, resulting in a price per square foot of $1,656.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $6,800,000
  • Address: 17475 Collins Avenue, APT 2701
  • Market: Sunny Isles Beach
  • Square Footage: 4,105
  • Price per Square Foot: $1,656
  • Buyer's Representative: Pamela Diaz-De-Leon - The Corcoran Group Miami
  • Seller's Representative: David Benichou - Liv Real Estate Group

This transaction was represented by David Benichou of Liv Real Estate Group on behalf of the sellers, while the buyer was represented by Pamela Diaz-De-Leon of The Corcoran Group. The sale achieved a record price per square foot in the luxury boutique oceanfront building known as Chateau Beach Residences.

Players

3 deals$11.4M volume(646) 705-9980
BROKER


The Corcoran Group
BROKERAGE

Details

SOLD
IMAGE: David Benichou & Pamela Diaz-De-Leon DATE: 6/18/2025 ADDRESS: 17475 Collins Avenue, APT 2701 MARKET: Sunny Isles Beach ASSET TYPE: Condo BUYER'S REP: Pamela Diaz-De-Leon (@Paminmiami_) - The Corcoran Group Miami (@Corcoranmiami) SELLER'S REP: David Benichou (@David_Benichou) - Liv Real Estate Group (@TheLivRealEstateGroup) SALE PRICE: $6,800,000 SF: 4,105 ~ PPSF: $1,656 NOTE FROM BROKER: Chateau Beach Residences | Record price per square foot in this luxury boutique oceanfront building . David Benichou of Liv Real Estate Group represented the sellers, while Pamela Diaz-De-Leon of The Corcoran Group represented the buyer.

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

$362,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63