John Diamond Acquires 4,385 SF Condo In Sunny Isles Beach From Jules Trump For $7.08M
SOLD
$7,080,000
Florida
See Similar DealsCondo4,385 SF
Sold 05/12/2023
SOLD
John Diamond Acquires 4,385 SF Condo In Sunny Isles Beach From Jules Trump For $7.08M
17885 Collins Ave, Sunny Isles Beach, FL 33160, United States
See Similar DealsCondo4,385 SF
Sold 05/12/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,614
Total Square Footage:4,385 SF
Transaction Type:Sale
The Estates At Acqualina, a condo located at 17885 Collins Ave in Sunny Isles Beach, has been sold in a recent transaction. The property, spanning 4,385 square feet, was sold for a price of $7,080,000, resulting in a price per square foot of $1,615.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,080,000
- Address: 17885 Collins Ave, Sunny Isles Beach
- Market: Sunny Isles Beach
The buyer of the property is John Diamond, while the seller is Jules Trump from The Trump Group. Representing the buyer in this transaction is Sandra Pariente from Charles Rutenberg Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$377,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,153.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,562.81
Annual Debt Service$402,753.74
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