Mariela Hopen Of Douglas Elliman Represents Sale Of Sunny Isles Beach Condo For $7.2M
18501 Collins Avenue
$7,200,000
$2,214/SF
Building Size
3,252 SF
Asset Type
Condo
Closing
Aug 8, 2024
About this deal
AI
The property involved in this transaction is a condo located at 18501 Collins Avenue Unit 2201 in Sunny Isles Beach. It has a sale price of $7,200,000, encompassing 3,252 square feet, with a price per square foot of $2,214.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,200,000
- Address: 18501 Collins Avenue Unit 2201
- Market: Sunny Isles Beach
- Square Footage: 3,252
- Price per Square Foot: $2,214
- Seller's Representative: Mariela Hopen - Douglas Elliman
Key individuals involved in this transaction include Mariela Hopen, who represented the seller through Douglas Elliman. The sale was executed under the guidance of this real estate professional, ensuring the interests of the seller were effectively managed throughout the transaction process.
Players
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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93