TCII Capital Group Acquires Condo In Sunny Isles Beach For $7.7M
17901 Collins Avenue
$7,700,000
$2,342/SF
Building Size
3,287 SF
Asset Type
Condo
Closing
Feb 13, 2023
AI
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.
Players
Miami 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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93