Alan Abramson Of EXP Realty Acquires Condo In Sunny Isles Beach For $8M As Buyer's Rep
SOLD
$8,000,000
Florida
See Similar DealsCondo2,736 SF
Sold 03/14/2024
SOLD
Alan Abramson Of EXP Realty Acquires Condo In Sunny Isles Beach For $8M As Buyer's Rep
17875 Collins Avenue
See Similar DealsCondo2,736 SF
Sold 03/14/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,924
Total Square Footage:2,736 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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