Trump Group Sells Condo At 17901 Collins Avenue In Sunny Isles Beach For $20M
SOLD
$20,000,000
Florida
See Similar DealsCondo8,600 SF
Sold 09/17/2024
SOLD
Trump Group Sells Condo At 17901 Collins Avenue In Sunny Isles Beach For $20M
17901 Collins Avenue
See Similar DealsCondo8,600 SF
Sold 09/17/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,325
Total Square Footage:8,600 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 17901 Collins Avenue in Sunny Isles Beach. The sale price for the condo was $20,000,000, with a total square footage of 8,600, which translates to a price per square foot of $2,325.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $20,000,000
- Address: 17901 Collins Avenue
- Market: Sunny Isles Beach
- Seller: Trump Group
- Broker: Karina Serber Batievsky - Acqualina Realty
Karina Serber Batievsky represented the seller in this transaction. The deal reflects a notable engagement within the luxury real estate market in Sunny Isles Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,066,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$71,055.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$94,810.20
Annual Debt Service$1,137,722.44
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