Craig Cambridge Acquires Condo In Sunny Isles Beach For $11.6M
SOLD
$11,625,000
Florida
See Similar DealsCondo5,222 SF
Sold 04/03/2023
SOLD
Craig Cambridge Acquires Condo In Sunny Isles Beach For $11.6M
17901 Collins Avenue
See Similar DealsCondo5,222 SF
Sold 04/03/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,226
Total Square Footage:5,222 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
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
Annual Debt Service$661,301.17
Is there something missing? Send suggestions