Dezer Development Sells Sunny Isles Beach Condo For $5.6M
18401 Collins Avenue
$5,615,000
$931/SF
Building Size
6,027 SF
Asset Type
Condo
Closing
Aug 8, 2023
About this deal
AI
A condo located at 18401 Collins Avenue in Sunny Isles Beach has been sold for $5,615,000. The property spans 6,027 square feet and has a price per square foot of $932. The seller of the condo is Dezer Development.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,615,000
- Square Footage: 6,027
- Price per Square Foot: $932
- Address: 18401 Collins Avenue, Sunny Isles Beach
- Seller: Dezer Development
Michael Alcantara, Gabriel Montero, and Ashley Main from A Real Estate Solution represented the buyers in this deal.
On the Map
$5,615,000
$931/SF
Condo
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Players
Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $931 per square foot on a published $5.6M for 6,027 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93