Emiliano Sebastian Fernandez Balague Acquires Sunny Isles Beach Condo For $30M
18501 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$30,000,000
$3,333,333/SF
Building Size
9 SF
Asset Type
Condo
Closing
Jun 14, 2020
About this deal
AI
Located at 18501 Collins Avenue Unit PH-01 in Sunny Isles Beach, this condo was recently sold in a closed transaction. The property, with a total square footage of 9,600, offers luxurious living spaces and breathtaking ocean views. The sale took place on March 10, 2023, and was managed by Fontainebleau Development's Jeffrey Soffer. The buyer, Emiliano Sebastian Fernandez Balague, acquired this stunning condo for a sale price of $30,000,000, at a rate of $3,125 per square foot.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $30,000,000
- Address: 18501 Collins Avenue Unit PH-01, Sunny Isles Beach
- Market: Sunny Isles Beach
- Buyer: Emiliano Sebastian Fernandez Balague
- Seller: Fontainebleau Development - Jeffrey Soffer
The sale of this remarkable condo showcases the luxurious real estate market in Sunny Isles Beach. With its spectacular features and prime location, this property undoubtedly represents a significant investment. Both the buyer and seller, Emiliano Sebastian Fernandez Balague and Fontainebleau Development's Jeffrey Soffer respectively, were key players in ensuring the success of this transaction.
On the Map
$30,000,000
$3,333,333/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 $3.3M per square foot on a published $30M for 9 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93