Alan Wildstein Acquires Sunny Isles Beach Condo For $14.4M
18555 Collins Ave Sunny Isles Beach, FL 33160, USA
$14,400,000
$3,466/SF
Building Size
4,154 SF
Asset Type
Condo
Closing
Jun 30, 2022
AI
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.
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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93