Acqualina Realty And One Sotheby’s International Realty Facilitate $3.3M Condo Sale In Sunny Isles Beach
17875 Collins Avenue
$3,300,000
$1,490/SF
Building Size
2,214 SF
Asset Type
Condo
Closing
Dec 12, 2023
AI
The Acqualina Hotel & Residences in Sunny Isles Beach has been sold for $3,300,000. This luxurious condo property, located at 17875 Collins Avenue, offers a total of 2,214 square feet of living space. With a price per square foot of $1,490, this sale represents a significant transaction in the local market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,300,000
- Address: 17875 Collins Avenue
- Market: Sunny Isles Beach
The sale of the Acqualina Hotel & Residences was facilitated by two reputable brokers. Karina Serber Batievsky represented Acqualina Realty, while Ivonne Ballestas represented One Sotheby’s International Realty. Their expertise and negotiation skills likely contributed to the successful completion of this deal. The involvement of these experienced brokers highlights the importance of trusted professionals in the real estate industry.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93