Douglas Elliman Acquires Condo In Sunny Isles Beach For $3.2M
17875 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$3,225,000
$1,178/SF
Building Size
2,736 SF
Asset Type
Condo
Closing
Apr 27, 2022
About this deal
AI
The recently sold property in Sunny Isles Beach at 17875 Collins Ave is a condo measuring 2,736 square feet. The transaction took place on April 27, 2022, with a sale price of $3,225,000. The price per square foot was calculated at $1,179. The property is situated in a market known for its desirable location.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,225,000
- Buyer's Representative: Cindy Clayman - Douglas Elliman
- Seller's Representative: Marla Cohen - Acqualina Realty
- Market: Sunny Isles Beach
- Address: 17875 Collins Ave
Cindy Clayman, a representative from Douglas Elliman, played a key role in facilitating the sale. On the other side, Marla Cohen, from Acqualina Realty, represented the seller's interests. This transaction underscores the expertise and reputation of these professionals in the real estate industry.
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $3.2M for 2,736 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.92%
Cash-on-Cash
-1.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93