Douglas Elliman Acquires Condo In Sunny Isles Beach For $3.2M
SOLD
$3,225,000
Florida
See Similar DealsCondo2,736 SF
Sold 04/27/2022
SOLD
Douglas Elliman Acquires Condo In Sunny Isles Beach For $3.2M
17875 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
See Similar DealsCondo2,736 SF
Sold 04/27/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,178
Total Square Footage:2,736 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$172,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,457.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,288.15
Annual Debt Service$183,457.74
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