Alan Jay Wildstein Sells Sunny Isles Beach Condo For $6.5M With Brokers Melissa Barragan & Dina Goldentayer
SOLD
Florida
See Similar DealsCondo4,513 SF
Sold 07/08/2020
SOLD
Alan Jay Wildstein Sells Sunny Isles Beach Condo For $6.5M With Brokers Melissa Barragan & Dina Goldentayer
18555 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
See Similar DealsCondo4,513 SF
Sold 07/08/2020
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,440
Total Square Footage:4,513 SF
Transaction Type:Sale
A 4,513 square-foot condo located at 18555 Collins Ave #2501 in Sunny Isles Beach has been sold for $6,500,000. The property is part of a condo building in the market of Sunny Isles Beach.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: 18555 Collins Ave #2501
- Square Footage: 4,513
- Price per Square Foot: $1,440
The seller of the condo was Alan Jay Wildstein. The deal was facilitated by the broker representatives Melissa Barragan from Dezer Platinum Realty and Dina Goldentayer from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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