Ariel Teodoro Hollender Of Compass Sells Sunny Isles Beach Condo For $4.2M
18801 Collins Avenue
$4,201,981
$1,954/SF
Building Size
2,150 SF
Asset Type
Condo
Closing
Apr 24, 2023
AI
A property transaction has recently taken place in Sunny Isles Beach, involving a condo located at 18801 Collins Avenue. The condo, with a total area of 2,150 square feet, was sold for a price of $4,201,981, resulting in a price per square foot of $1,954.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,201,981
- Address: 18801 Collins Avenue, Sunny Isles Beach
- Square Footage: 2,150 sqft
- Price per Square Foot: $1,954
The broker involved in this transaction is Ariel Teodoro Hollender from Compass. Ariel is the representative for this deal, facilitating the transaction between the buyer and seller.
It is worth noting that Ariel Teodoro Hollender also encourages potential buyers to explore exclusive pre-construction deals at the premier development in Sunny Isles Beach, the St. Regis Sunny Isles Beach. This luxurious property boasts 435 linear feet of beachfront, two luxury towers, and over 70,000 square feet of luxury amenities.
As the sale of this condo demonstrates, Sunny Isles Beach continues to be an attractive location for real estate investments. With its beautiful beachfront and desirable amenities, this area remains an appealing choice for buyers looking for a high-end residential property.
Despite the time it takes to pursue and achieve one's dreams, Ariel Teodoro Hollender offers words of encouragement, reminding everyone to not give up on their aspirations. Time passes regardless, so it is essential to remain determined and persistent in pursuing one's goals.
Market 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93