Max And Ryan Farbstein Sell Sunny Isles Beach Condo For $5.8M
SOLD
$5,800,000
Florida
See Similar DealsCondo4,154 SF
Sold
SOLD
Max And Ryan Farbstein Sell Sunny Isles Beach Condo For $5.8M
18555 Collins Ave Sunny Isles Beach, FL 33160, USA
See Similar DealsCondo4,154 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1396
Total Square Footage:4154 SF
Transaction Type:Sale
A condo located at 18555 Collins Avenue in Sunny Isles Beach has been sold for $5,800,000. This property spans 4,154 square feet and has a price per square foot of $1,396.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $5,800,000
- Address: 18555 Collins Avenue
- Market: Sunny Isles Beach
- Square Footage: 4,154
- Price per Square Foot: $1,396
The sale was facilitated by Max Farbstein and Ryan Farbstein, who served as the official brokers for this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
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