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17475 Collins Avenue

Château Group Sells Sunny Isles Beach Condo On Collins Avenue For $13M
SOLDCondo

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.

Players

Manuel Grosskopf

Château Group

Seller

$618.6M

vol

5 deals

Seller

Sunny Isles Beach 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

1.22%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93