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17885 Collins Ave, Sunny Is...

John Diamond Acquires 4,385 SF Condo In Sunny Isles Beach From Jules Trump For $7.08M
SOLDCondo

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

$7,080,000

$1,614/SF

Building Size

4,385 SF

Asset Type

Condo

Closing

May 12, 2023

AI

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.

Players

Sandra Pariente

Charles Rutenberg Realty

Broker

$61.7M

vol

8 deals

Broker
Jules Trump

Jules Trump

Trump Group

Seller

$192.8M

vol

23 deals

Seller

Miami 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

2.24%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93