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Casa Numa Land Trust Acquires Condo At 17975 Collins Avenue For $25M With Broker Support
SOLD
Florida
See Similar DealsCondo9,100 SF
Sold 03/17/2025
SOLD
Casa Numa Land Trust Acquires Condo At 17975 Collins Avenue For $25M With Broker Support
17975 Collins Avenue
See Similar DealsCondo9,100 SF
Sold 03/17/2025
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
SELLER
Details
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Deal Type
30 years
10 years
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%
Monthly Debt Service$118,512.75
Annual Debt Service$1,422,153.05
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