Sue Alderman Acquires Condo In Sunny Isles Beach From Jules Trump For $10.6M
SOLD
$10,600,000
Florida
See Similar DealsCondo4,780 SF
Sold 11/02/2023
SOLD
Sue Alderman Acquires Condo In Sunny Isles Beach From Jules Trump For $10.6M
17975 Collins Avenue
See Similar DealsCondo4,780 SF
Sold 11/02/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,217
Total Square Footage:4,780 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 17975 Collins Avenue in Sunny Isles Beach. The sale took place on 11/02/2023.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,600,000
- Square Footage: 4,780
- Price per Square Foot: $2,218
- Address: 17975 Collins Avenue, Sunny Isles Beach
- Market: Sunny Isles Beach
The buyer in this transaction is Sue Alderman, while the seller is Jules Trump. Representing the buyer is Elliot Lee from Douglas Elliman, and Yansy Checa from Acqualina Realty represents the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$565,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,659.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,249.41
Annual Debt Service$602,992.89
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