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
About this deal
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.
On the Map
$8,000,000
$2,924/SF
Condo
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Players
Sunny Isles Beach Condo Market Snapshot
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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