Daniel Tzinker & Mikhail Mudrik Buy Condo For $11.2M In Sunny Isles Beach
17975 Collins Avenue
$11,200,000
$2,343/SF
Building Size
4,780 SF
Asset Type
Condo
Closing
May 28, 2024
About this deal
AI
The property involved in the transaction is a condo located at 17975 Collins Avenue Unit 4601 in Sunny Isles Beach. The sale price for this condo was $11,200,000 with a total square footage of 4,780, resulting in a price per square foot of $2,343.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,200,000
- Buyer's Rep: Daniel Tzinker & Mikhail Mudrik - The Agency
- Seller's Rep: Adriana Vargas Hernandez - Acqualina Realty
Daniel Tzinker and Mikhail Mudrik from The Agency represented the buyer in the deal, while Adriana Vargas Hernandez from Acqualina Realty represented the seller. A note from the broker mentioned the successful closure of unit 4601 Amalfi Model at The Estate at Acqualina Residences, offering a collection of exclusive off-market listings for sale and rent at The Estates at Acqualina.
Players
Sunny Isles Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.42%
Cash-on-Cash
-0.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93