Château Group Sells Sunny Isles Beach Condo On Collins Avenue For $13M
17475 Collins Avenue
$13,000,000
Building Size
—
Asset Type
Condo
Closing
Jan 12, 2022
AI
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.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93