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17975 Collins Avenue

Sue Alderman Acquires Condo In Sunny Isles Beach From Jules Trump For $10.6M
SOLDCondo

Sue Alderman Acquires Condo In Sunny Isles Beach From Jules Trump For $10.6M

17975 Collins Avenue

$10,600,000

$2,217/SF

Building Size

4,780 SF

Asset Type

Condo

Closing

Nov 2, 2023

AI

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.

Players

Elliot Lee

Sotheby's International Realty

Broker

$33.8M

vol

4 deals

Broker

Sunny Isles Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93