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17975 Collins Avenue

Casa Numa Land Trust Acquires Condo At 17975 Collins Avenue For $25M With Broker Support
SOLDCondo

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

Benjamin Moss

Compass

Broker

$114.6M

vol

10 deals

Broker
Trump Group
Trump GroupSeller

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