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Charles Rutenberg Realty Represents Both Buyer And Seller In $11.6M Condo Sale On Collins Ave

Property Image
SOLD
$11,625,000
Sandra Pariente
William Kakon
BD
+ 1

Florida

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Condo5,222 SF
Sold 04/03/2023
the dealplayerscompscontact
Property Image
SOLD

Charles Rutenberg Realty Represents Both Buyer And Seller In $11.6M Condo Sale On Collins Ave

17901 Collins Avenue

See Similar Deals
Condo5,222 SF
Sold 04/03/2023
Sandra Pariente
William Kakon
BD
+ 1
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,226
Total Square Footage:5,222 SF
Transaction Type:Sale

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

Sandra Pariente
Charles Rutenberg Realty
Sandra Pariente
8 deals$61.7M volume(954) 547-5232
BROKER
William Kakon
Charles Rutenberg Realty
William Kakon
2 deals$23.3M volume
BROKER
CC
Craig Cambridge
2 deals$23.3M volume
BUYER
BD
Ben Diamond
3 deals$29M volume
SELLER

Details

SOLD
IMAGE: Sandra Pariente & William Kakon DATE: 04/03/2023 ADDRESS: 17901 Collins Ave Unit 1605 - The Estates At Acqualina South Tower MARKET: Sunny Isles Beach ASSET TYPE: Condo BUYER: Craig Cambridge SELLER: Ben Diamond BUYER'S REP: William Kakon (@William1276k) - Charles Rutenberg Realty (@CHRutenbergRealty) SELLER'S REP: Sandra Pariente (@Psandrita) - Charles Rutenberg Realty SALE PRICE: $11,625,000 SF: 5,222 ~ PPSF: $2,226

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$619,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$41,301.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$55,108.43
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