Alan Abramson Of EXP Realty Acquires Condo In Sunny Isles Beach For $8M As Buyer's Rep
17875 Collins Avenue
$8,000,000
$2,924/SF
Building Size
2,736 SF
Asset Type
Condo
Closing
Mar 14, 2024
AI
The property involved in this transaction is a Condo located at 17875 Collins Avenue in Sunny Isles Beach. The sale price for this asset was $8,000,000 with a total square footage of 5,775, resulting in a price per square foot of $1,385.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,000,000
- Address: 17875 Collins Avenue
- Market: Sunny Isles Beach
Alan Abramson from EXP Realty represented the buyer, while Ryan Mendell from Maxwelle Real Estate represented the seller in this transaction.
Players
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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93