facebook
Traded Co logo
Submit

Dezer Development Sells Sunny Isles Beach Condo For $5.6M

Property Image
SOLD
$5,615,000
Michael Alcantara
Gabriel Montero
Ashley (Ochoa) Main

Florida

See Similar Deals
Condo6,027 SF
Sold 08/08/2023
the dealplayerscompscontact
Property Image
SOLD

Dezer Development Sells Sunny Isles Beach Condo For $5.6M

18401 Collins Avenue

See Similar Deals
Condo6,027 SF
Sold 08/08/2023
Michael Alcantara
Gabriel Montero
Ashley (Ochoa) Main
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$931
Total Square Footage:6,027 SF
Transaction Type:Sale

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.

Players

Michael Alcantara
A Real Estate Solution
Michael Alcantara
1 deal$5.6M volume(786) 202-6233
BROKER
Gabriel Montero
A Real Estate Solution
Gabriel Montero
1 deal$5.6M volume(954) 627-8972
BROKER
Ashley (Ochoa) Main
A Real Estate Solution
Ashley Main
1 deal$5.6M volume(786) 397-4891
BROKER
DD
Dezer Development
SELLER

Details

SOLD
IMAGE: Michael Alcantara, Ashley Main & Gabriel Montero DATE: 08/08/2023 ADDRESS: 18401 Collins Avenue MARKET: Sunny Isles Beach ASSET TYPE: Condo SELLER: Dezer Development (@DezerDev) BUYER'S REP: Michael Alcantara (@MikeMangu), Gabriel Montero (@GaboMonteroRealEstate) & Ashley Main (@TheAshleyMain) - A Real Estate Solution (@ARESBrokerage) SALE PRICE: $5,615,000 SF: 6,027 ~ PPSF: $932

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$299,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,948.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,617.96
Annual Debt Service$319,415.58