Château Group Sells Sunny Isles Beach Condo On Collins Avenue For $13M
SOLD
$13,000,000
Florida
See Similar DealsCondo
Sold 01/12/2022
SOLD
Château Group Sells Sunny Isles Beach Condo On Collins Avenue For $13M
17475 Collins Avenue
See Similar DealsCondo
Sold 01/12/2022
Summary
FLORIDA
Asset Type:Condo
Transaction Type:Sale
An extravagant condo located at 17475 Collins Avenue in Sunny Isles Beach has been sold for a staggering price of $13,000,000. The property, owned by the Château Group and represented by Manuel Grosskopf, is a prime example of luxury living in the area.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Date: 01/12/2022
- Address: 17475 Collins Avenue
- Market: Sunny Isles Beach
The sale of this remarkable condo showcases the exceptional work of Manuel Grosskopf, who represented the Château Group during the transaction. Their expertise in the real estate market was instrumental in securing this impressive deal. The property is a testament to the luxurious lifestyle that can be found in Sunny Isles Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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