Craig Cambridge Acquires Condo In Sunny Isles Beach For $11.6M
17901 Collins Avenue
$11,625,000
$2,226/SF
Building Size
5,222 SF
Asset Type
Condo
Closing
Apr 3, 2023
AI
The Estates At Acqualina South Tower unit 1605 located at 17901 Collins Ave in Sunny Isles Beach has been sold for a total price of $11,625,000. This luxurious condo spans across 5,222 square feet, resulting in a price per square foot of $2,226.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,625,000
- Date: 04/03/2023
- Market: Sunny Isles Beach
- Buyer: Craig Cambridge
- Seller: Ben Diamond
- Buyer's Representative: William Kakon - Charles Rutenberg Realty
- Seller's Representative: Sandra Pariente - Charles Rutenberg Realty
The buyer, Craig Cambridge, made this significant purchase from the seller, Ben Diamond. William Kakon from Charles Rutenberg Realty represented the buyer, while Sandra Pariente, also from Charles Rutenberg Realty, represented the seller in this transaction.
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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