Deymer Marrero Acquires Condo In Sunny Isles Beach For $5.4M
18555 Collins Ave
$5,400,000
$1,702/SF
Building Size
3,171 SF
Asset Type
Condo
Closing
May 13, 2022
AI
A luxury condo located at 18555 Collins Ave Apt 2805 in Sunny Isles Beach has been sold for $5,400,000. The property spans 3,171 square feet, resulting in a price per square foot of $1,703.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $5,400,000
- Address: 18555 Collins Ave Apt 2805
- Market: Sunny Isles Beach
The buyer was represented by Deymer Marrero from Prestige Empire Realty LLC, while Melissa Barragan from Dezer Platinum Realty served as the seller's representative in the transaction.
Contact Melissa Barragan at Dezer Platinum Realty for more exclusive information on the best deals and off-market options at Porsche Design Tower. Additionally, a new project, Bentley Residences, is set to be launched in 2026, featuring luxurious amenities such as a 4-car garage, expansive covered terraces, outdoor showers, and balconies with pools. For a VIP tour and a visit to the Bentley Sales Gallery in Sunny Isles Beach, email Melissa at [email protected] or text 305-988-4351.
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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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93