TCII Capital Group Acquires Condo In Sunny Isles Beach For $7.7M
SOLD
$7,700,000
Florida
See Similar DealsCondo3,287 SF
Sold 02/13/2023
SOLD
TCII Capital Group Acquires Condo In Sunny Isles Beach For $7.7M
17901 Collins Avenue
See Similar DealsCondo3,287 SF
Sold 02/13/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,342
Total Square Footage:3,287 SF
Transaction Type:Sale
The property involved in this closed transaction is a condo located at 17901 Collins Avenue in Sunny Isles Beach. The property has a total size of 3,800 square feet and was sold for a price of $7,700,000, resulting in a price per square foot of $2,026.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,700,000
- Address: 17901 Collins Avenue
- Market: Sunny Isles Beach
The seller of the property is Jules Trump, and they were represented by Yansy Checa from Acqualina Realty. On the buyer's side, Marc Lewin from TCII Capital Group acted as the buyer's representative.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$410,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,356.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,501.93
Annual Debt Service$438,023.14
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