Jorden Gold Acquires Condo In Sunny Isles Beach For $10.9M
17975 Collins Avenue
$10,965,000
$2,293/SF
Building Size
4,780 SF
Asset Type
Condo
Closing
May 23, 2023
About this deal
AI
A luxury condo located at 17975 Collins Avenue in Sunny Isles Beach has been sold in a recent transaction. The condo, spanning approximately 4,780 square feet, was sold for a total price of $10,965,000, resulting in a price per square foot of $2,294.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $10,965,000
- Address: 17975 Collins Avenue, Sunny Isles Beach
- Market: Sunny Isles Beach
- Buyer: Jorden Gold
- Broker: Kerri Meeks - KeySource Real Estate
Jorden Gold was the buyer in this transaction. Kerri Meeks, from KeySource Real Estate, represented the buyer in the deal. Together, they successfully closed the sale of this luxury condo in Sunny Isles Beach.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.3K per square foot on a published $11M for 4,780 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93