GK Realty Group Represents Buyer In $11.95M Sale Of Sunny Isles Beach Condo
17975 Collins Avenue
$11,950,000
$2,500/SF
Building Size
4,780 SF
Asset Type
Condo
Closing
Nov 4, 2023
AI
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.
Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93