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
About this deal
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.
On the Map
$11,950,000
$2,500/SF
Condo
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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