Alan Jay Wildstein Acquires Sunny Isles Beach Condo For $14.4M
18555 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$14,400,000
$2,352/SF
Building Size
6,121 SF
Asset Type
Condo
Closing
Jul 7, 2022
AI
A luxury condo located at 18555 Collins Avenue Unit 4405 in Sunny Isles Beach has been sold for a staggering $14,400,000. The property spans across 6,121 square feet, translating to a price per square foot of $2,353. The transaction took place on July 7, 2022, making it one of the notable property sales in the area.
Summary of Transaction Details:
- Property Type: Condo
- Sale Price: $14,400,000
- Square Footage: 6,121
- Price per Square Foot: $2,353
- Address: 18555 Collins Avenue Unit 4405, Sunny Isles Beach
Alan Jay Wildstein, the buyer of the property, is from the Alan Jay Automotive Network. The seller, on the other hand, is James & Annette Lucas. Representing the buyer is Melissa Barragan from Dezer Platinum Realty, while Nelson Gonzalez from Berkshire Hathaway HomeServices EWM Realty represents the seller. This deal showcases the involvement of key individuals and companies in the real estate industry.
Players
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
1.10%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93