Marc Lewin Of TCII Capital Group Acquires Condo On Collins Avenue In Sunny Isles Beach For $6.9M
SOLD
$6,900,000
Florida
See Similar DealsCondo3,287 SF
Sold 02/15/2023
SOLD
Marc Lewin Of TCII Capital Group Acquires Condo On Collins Avenue In Sunny Isles Beach For $6.9M
17901 Collins Avenue
See Similar DealsCondo3,287 SF
Sold 02/15/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,099
Total Square Footage:3,287 SF
Transaction Type:Sale
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.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$367,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,514.25
Cash-on-Cash Return-1.27%
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