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

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SOLD
$25,000,000

Florida

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Condo9,100 SF
Sold 03/17/2025
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Property Image
SOLD

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

17975 Collins Avenue

See Similar Deals
Condo9,100 SF
Sold 03/17/2025
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,747
Total Square Footage:9,100 SF
Transaction Type:Sale

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 (Ben) Moss
10 deals$114.6M volume(305) 793-4783
BROKER

Liz Hogan
Compass
33 deals$522M volume(305) 804-9700
BROKER

Michael Goldstein
Acqualina Realty
1 deal$25M volume(786) 442-3005
BROKER

Trump Group
SELLER

Details

SOLD
IMAGE: Ben Moss, Jules Trump, Liz Hogan, Eddie Trump & Michael Goldstein DATE: 03/17/2025 ADDRESS: 17975 Collins Avenue Unit 4701/4702 MARKET: North Miami Beach ASSET TYPE: Condo BUYER: Casa Numa Land Trust SELLER: Jules & Eddie Trump - Trump Group BUYER'S REP: Ben Moss (@BenMossgroup) & Liz Hogan (@LizHoganrealtor) - Compass (@Compass) SELLER'S REP: Michael Goldstein - Acqualina Realty SALE PRICE: $25,000,000 SF: 9,100 ~ PPSF: $2,747 NOTE: A trust purchased a 9,100-square-foot condo at Estates at Acqualina for $25M from the Trump Group, unrelated to Donald Trump. Michael Goldstein of Acqualina Realty listed the unit, while Compass’ Liz Hogan and Ben Moss represented the buyer.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,333,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$88,819.73
Cash-on-Cash Return-1.27%
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Annual Debt Service$1,422,153.05