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18501 Collins Avenue, APT 4501

Frank H Navarro Of Douglas Elliman Sells Sunny Isles Beach Condo For $7.8M
SOLDCondo

Frank H Navarro Of Douglas Elliman Sells Sunny Isles Beach Condo For $7.8M

18501 Collins Avenue, APT 4501

$7,800,000

$2,398/SF

Building Size

3,252 SF

Asset Type

Condo

Closing

Apr 4, 2024

AI

The condo located at 18501 Collins Avenue in Sunny Isles Beach was sold for $7,800,000. Spanning 3,252 square feet, the property was transacted at a price per square foot of $2,399.

Summary of transation details:

  • Property Type: Condo
  • Transaction Amount: $7,800,000
  • Address: 18501 Collins Avenue, Sunny Isles Beach
  • Broker: Frank H. Navarro - Douglas Elliman
  • Square Footage: 3,252
  • Price Per Square Foot: $2,399

Frank H. Navarro from Douglas Elliman represented the parties involved in this real estate transaction.

Players

Frank H Navarro

Douglas Elliman

Broker

$25.4M

vol

9 deals

Broker

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

2.03%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93