GK Realty Group Represents Buyer In $11.95M Sale Of Sunny Isles Beach Condo
SOLD
$11,950,000
Florida
See Similar DealsCondo4,780 SF
Sold
SOLD
GK Realty Group Represents Buyer In $11.95M Sale Of Sunny Isles Beach Condo
17975 Collins Avenue
See Similar DealsCondo4,780 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2500
Total Square Footage:4780 SF
Transaction Type:Sale
A luxury condo located at 17975 Collins Avenue in Sunny Isles Beach has been sold in a recent transaction. The property spans a total area of 4,780 square feet, with a price per square foot of $2,500. The condo was sold for a sale price of $11,950,000, slightly below the asking price of $12,100,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,950,000
- Square Footage: 4,780
- Address: 17975 Collins Avenue, Sunny Isles Beach
- Market: Sunny Isles Beach
The seller of the condo was Michael Petillo. Representing the buyer was George Khoury and Leonore Aguirre from GK Realty Group.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$637,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,455.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,649.10
Annual Debt Service$679,789.16
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