Ariel Teodoro Hollender Acquires Condo In Sunny Isles Beach For $4.2M
SOLD
$4,201,981
Florida
See Similar DealsCondo2,150 SF
Sold 05/17/2023
SOLD
Ariel Teodoro Hollender Acquires Condo In Sunny Isles Beach For $4.2M
18801 Collins Avenue
See Similar DealsCondo2,150 SF
Sold 05/17/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,954
Total Square Footage:2,150 SF
Transaction Type:Sale
The property asset involved in the transaction is a condo located at 18801 Collins Avenue in Sunny Isles Beach. The sale price for this condo was $4,201,981, with a total square footage of 2,150. The price per square foot for this transaction amounts to $1,954.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,201,981
- Address: 18801 Collins Avenue
- Market: Sunny Isles Beach
- Square Footage: 2,150
- Price Per Square Foot: $1,954
The transaction involved broker Ariel Teodoro Hollender from Compass, representing the sale of the condo at the specified address. The focus of this deal highlights the role of the broker in facilitating the transaction within the market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$224,105.63
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,928.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,919.53
Annual Debt Service$239,034.40
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