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18555 Collins Avenue, Sunny...

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

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

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

$7,750,000

$1,717/SF

Building Size

4,513 SF

Asset Type

Condo

Closing

May 2, 2022

AI

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

Dezer Platinum Realty

Broker

$172.7M

vol

21 deals

Broker

Sunny Isles Beach Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93