Trump Group Sells Condo In Sunny Isles Beach For $6.8M With Buyer's Rep Jonathan F. Castaneda
SOLD
$6,800,000
Florida
See Similar DealsCondo4,797 SF
Sold 03/29/2023
SOLD
Trump Group Sells Condo In Sunny Isles Beach For $6.8M With Buyer's Rep Jonathan F. Castaneda
17901 Collins Avenue
See Similar DealsCondo4,797 SF
Sold 03/29/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,417
Total Square Footage:4,797 SF
Transaction Type:Sale
A luxurious condo located at 17901 Collins Ave in the sunny market of Sunny Isles Beach has been sold in a closed property transaction. The property, with a size of 4,797 square feet, was purchased by an undisclosed buyer for a total sale price of $6,800,000. The transaction was facilitated by the renowned real estate agency Fortune International Realty, with Jonathan F. Castaneda representing the buyer. The seller, The Trump Group, was represented by Marla Cohen of Acqualina Realty.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,800,000
- Square Footage: 4,797
- Address: 17901 Collins Ave
- Market: Sunny Isles Beach
This significant transaction highlights the demand for high-end properties in Sunny Isles Beach. The property's prime location and luxurious amenities likely contributed to its sale at a price per square foot of $1,418. Both Jonathan F. Castaneda of Fortune International Realty and Marla Cohen of Acqualina Realty played crucial roles in ensuring a successful deal.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$362,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63
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