Alan Wildstein Acquires Sunny Isles Beach Condo For $14.4M
SOLD
$14,400,000
Florida
See Similar DealsCondo4,154 SF
Sold 06/30/2022
SOLD
Alan Wildstein Acquires Sunny Isles Beach Condo For $14.4M
18555 Collins Ave Sunny Isles Beach, FL 33160, USA
See Similar DealsCondo4,154 SF
Sold 06/30/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,466
Total Square Footage:4,154 SF
Transaction Type:Sale
A 6,684-square-foot condo located at 18555 Collins Ave unit 4405 in Sunny Isles Beach has been sold for a staggering $14,400,000. The property, situated in a desirable market, offers luxurious features and amenities. The sale price translates to a price per square foot of $2,154, reflecting the high-end nature of the condo.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $14,400,000
- Address: 18555 Collins Ave unit 4405
- Market: Sunny Isles Beach
The buyer of the condo is Alan Wildstein, who has acquired a remarkable property in this upscale area. Representing the buyer in this transaction is Melissa Barragan from Dezer Platinum Realty. Nelson Gonzalez from Berkshire Hathaway served as the seller's representative in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$768,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$51,160.16
Cash-on-Cash Return-1.27%
Monthly Debt Service$68,263.35
Annual Debt Service$819,160.16
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