Charles Rutenberg Realty Represents Both Buyer And Seller In $11.6M Condo Sale On Collins Ave
17901 Collins Avenue
$11,625,000
$2,226/SF
Building Size
5,222 SF
Asset Type
Condo
Closing
Apr 3, 2023
AI
A 5,222 square foot condo located at 17901 Collins Ave Unit 1605 in The Estates At Acqualina South Tower has been sold in Sunny Isles Beach. The property was sold for a price of $11,625,000, resulting in a price per square foot of $2,226.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,625,000
- Address: 17901 Collins Ave Unit 1605 - The Estates At Acqualina South Tower
- Market: Sunny Isles Beach
The buyer of the property is Craig Cambridge, while the seller is Ben Diamond. William Kakon from Charles Rutenberg Realty represented the buyer, and Sandra Pariente, also from Charles Rutenberg Realty, represented the seller.
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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93