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Sebastian Tettamanti & Melissa Barragan Sell Sunny Isles Beach Condo For $7.75M

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SOLD
$7,750,000

Florida

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Condo4,513 SF
Sold 05/02/2022
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Property Image
SOLD

Sebastian Tettamanti & Melissa Barragan Sell Sunny Isles Beach Condo For $7.75M

18555 Collins Avenue, Sunny Isles Beach, Florida 33160, United States

See Similar Deals
Condo4,513 SF
Sold 05/02/2022
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,717
Total Square Footage:4,513 SF
Transaction Type:Sale

A luxury condo located at 18555 Collins Ave Apt 2501 in Sunny Isles Beach has been sold for a total purchase price of $7,750,000. The condo has a spacious living area with a total square footage of 4,513. The sale price per square foot was $1,341, reflecting the high-end nature of the property. The transaction took place on 05/02/2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,750,000
  • Square Footage: 4,513
  • Address: 18555 Collins Ave Apt 2501
  • Market: Sunny Isles Beach

Melissa Barragan from Dezer Platinum Realty represented the buyer during the sale, while Sebastian Tettamanti, also from Dezer Platinum Realty, acted as the seller's representative. The deal was facilitated by their expertise in the luxury real estate market.

Noteworthy to mention, the purchase of this apartment also included a Car Gallery, capable of accommodating up to eight cars, which added an additional $1,700,000 to the total purchase price. This bonus feature further enhances the desirability and value of the property.

For those interested in similar opportunities, Melissa Barragan, through her role at Dezer Platinum Realty, can be contacted at [email protected]. She can provide information on both the Porsche Design Tower and the new Bentley Residences, as well as other exclusive deals in the area.

Players

Melissa Barragan
21 deals$172.7M volume
BROKER

Sebastian Tettamanti
3 deals$30.1M volume
BROKER

Details

SOLD
IMAGE: Sebastian Tettamanti & Melissa Barragan DATE: 05/02/2022 ADDRESS: 18555 Collins Ave Apt 2501 MARKET: Sunny Isles Beach ASSET TYPE: Condo BUYER'S REP: Melissa Barragan (@Liv_Mor) - Dezer Platinum Realty (@DezerPlatinumRealty) SELLER'S REP: Sebastian Tettamanti (@SebastianTettamanti) - Dezer Platinum Realty SALE PRICE: $7,750,000 SF: 4,513 ~ PPSF: $1,341 NOTE FROM BROKER: Contact Melissa Barragan [email protected] for all the best deals at Porsche Design Tower and for information on the new Bentley Residences. This apartment was sold with a Car Gallery included that fits 8 cars for an additional $1,700,000 for a total purchase price of $7,750,000.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
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