Trump Group Sells Condo In Sunny Isles Beach For $6.8M With Buyer's Rep Jonathan F. Castaneda
17901 Collins Avenue
$6,800,000
$1,417/SF
Building Size
4,797 SF
Asset Type
Condo
Closing
Mar 29, 2023
AI
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
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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93