MM Turnberry Limited Partnership Acquires Condo In Sunny Isles Beach For $5M
18501 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$5,000,000
$1,724/SF
Building Size
2,900 SF
Asset Type
Condo
Closing
Apr 22, 2022
AI
A condo located at 18501 Collins Ave Unit 2003 in Sunny Isles Beach has been sold for $5,000,000. This property has a total area of 2,900 square feet and a price per square foot of $1,724. The transaction occurred on 04/22/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,000,000
- Address: 18501 Collins Ave Unit 2003, Sunny Isles Beach
- Market: Sunny Isles Beach
- Asset Type: Condo
The buyer of the property is MM Turnberry Limited Partnership. The buyer was represented by Greg Gringruz from The Island - Your Real Estate Company.
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93