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17901 Collins Avenue

Marc Lewin Of TCII Capital Group Acquires Condo On Collins Avenue In Sunny Isles Beach For $6.9M
SOLDCondo

Marc Lewin Of TCII Capital Group Acquires Condo On Collins Avenue In Sunny Isles Beach For $6.9M

17901 Collins Avenue

$6,900,000

$2,099/SF

Building Size

3,287 SF

Asset Type

Condo

Closing

Feb 15, 2023

AI

An oceanfront condo located at 17901 Collins Avenue in Sunny Isles Beach has been sold in a recent transaction. The property, measuring 3,287 square feet, was sold for a total price of $6,900,000, which equates to a price per square foot of $2,099.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $6,900,000
  • Address: 17901 Collins Avenue, Sunny Isles Beach
  • Market: Sunny Isles Beach

The seller of the condo was Jules Trump, while the buyer was represented by Marc Lewin from TCII Capital Group. Acting as the seller's representative was Yansy Checa from Acqualina Realty. The transaction was successfully closed on 02/15/2023.

Players

Marc Lewin

Broker

$56.8M

vol

3 deals

Broker

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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93