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18401 Collins Avenue - Bent...

Dezer Group Sells Condo In Sunny Isles Beach For $7.4M With Buyer's Rep Wendy Sanchez & Seller's Rep Melissa Barragan
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Dezer Group Sells Condo In Sunny Isles Beach For $7.4M With Buyer's Rep Wendy Sanchez & Seller's Rep Melissa Barragan

18401 Collins Avenue - Bentley Residences

$7,400,000

$2,455/SF

Building Size

3,014 SF

Asset Type

Condo

Closing

Jan 10, 2023

AI

The Bentley Residences, located at 18401 Collins Avenue in Sunny Isles Beach, has been sold in a recent transaction. This luxury condo property, spanning 3,014 square feet, was listed for sale by the Dezer Group. The property features a stunning oceanfront location and offers a breathtaking view of the beach. The sales price for this exclusive condo was set at $7,400,000, which translates to a price per square foot of $2,455.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,400,000
  • Address: 18401 Collins Avenue - Bentley Residences, Sunny Isles Beach
  • Market: Sunny Isles Beach
  • Seller: Dezer Group
  • Buyer's Representative: Wendy Sanchez - Charles Rutenberg Realty
  • Seller's Representative: Melissa Barragan - Dezer Platinum Realty

This high-end condo unit was purchased by an undisclosed buyer, with Wendy Sanchez from Charles Rutenberg Realty representing them in the transaction. On the other side, Melissa Barragan from Dezer Platinum Realty acted as the seller's representative. The deal was finalized on January 10, 2023, marking a successful transaction for all parties involved.

Players

Melissa Barragan

Dezer Platinum Realty

Broker

$172.7M

vol

21 deals

Broker
DG
Dezer GroupSeller

Sunny Isles Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93