Casa Numa Land Trust Acquires Condo At 17975 Collins Avenue For $25M With Broker Support
17975 Collins Avenue
$25,000,000
$2,747/SF
Building Size
9,100 SF
Asset Type
Condo
Closing
Mar 17, 2025
AI
The property involved in this transaction is a condo located at 17975 Collins Avenue in North Miami Beach. It was sold for $25,000,000.00 and encompasses a total area of 9,100 square feet.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $25,000,000.00
- Address: 17975 Collins Avenue
- Market: North Miami Beach
- Square Footage: 9,100.0
- Buyer: Casa Numa Land Trust
- Seller: Jules & Eddie Trump - Trump Group
- Buyer’s Representatives: Liz Hogan (Compass), Benjamin (Ben) Moss (Compass)
- Seller’s Representative: Michael Goldstein (Acqualina Realty)
This transaction features key individuals such as the buyer, Casa Numa Land Trust, and the seller, Jules & Eddie Trump, who are part of the Trump Group. The transaction was facilitated by representatives from Compass and Acqualina Realty, contributing their expertise to the deal's completion.
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
0.63%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93