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Deymer Marrero Acquires Condo In Sunny Isles Beach For $5.4M

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SOLD
$5,400,000

Florida

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Condo3,171 SF
Sold 05/13/2022
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Property Image
SOLD

Deymer Marrero Acquires Condo In Sunny Isles Beach For $5.4M

18555 Collins Ave

See Similar Deals
Condo3,171 SF
Sold 05/13/2022
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,702
Total Square Footage:3,171 SF
Transaction Type:Sale

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.

Players

Melissa Barragan
21 deals$172.7M volume
BROKER

Deymer Marrero
Prestige Empire Realty
2 deals$11.2M volume
BROKER

Details

SOLD
IMAGE: Deymer Marrero & Melissa Barragan DATE: 05/13/2022 ADDRESS: 18555 Collins Ave Apt 2805 MARKET: Sunny Isles Beach ASSET TYPE: Condo BUYER'S REP: Deymer Marrero (@DMInvestment) - Prestige Empire Realty LLC SELLER'S REP: Melissa Barragan (@Liv_Mor) - Dezer Platinum Realty (@DezerPlatinumRealty) SALE PRICE: $5,400,000 SF: 3,171 ~ PPSF: $1,703 NOTE FROM @DezerPlatinumRealty:Contact Specialist Melissa Barragan for more exclusive information on best deals and off-market options at Porsche Design Tower. Now offering Bentley Residences coming soon in 2026 featuring 4 car garage, expansive covered terraces, outdoor shower, pool on the balconies and more. EMAIL MELISSA@DEZER to get a VIP tour and visit the Bentley Sales Gallery in Sunny Isles Beach. TEXT 305-988-4351 TO FIND OUT HOW TO LIVE MORE AND FIND YOUR DREAM HOME!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$288,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,185.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,598.75
Annual Debt Service$307,185.06