Kevin Lu Acquires Sunny Isles Beach Condo For $2.25M
18975 Collins Avenue
$2,250,000
$1,416/SF
Building Size
1,589 SF
Asset Type
Condo
Closing
Jun 15, 2020
AI
A condo located at 18975 Collins Avenue in Sunny Isles Beach was recently sold in a transaction on June 15, 2021. The property, spanning 1,589 square feet, was sold for a sale price of $2,250,000. The condo offers a price per square foot of $1,416.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $2,250,000
- Address: 18975 Collins Avenue, Sunny Isles Beach
- Buyer: Kevin Lu
- Seller: Rafael Mathias
- Buyer's Representative: Christopher Adeleke & Angelica Garcia - Douglas Elliman Florida, Coral Gables Title & Escrow
The buyer in this transaction was Kevin Lu, while the seller was Rafael Mathias. Representing the buyer was Christopher Adeleke and Angelica Garcia from Douglas Elliman Florida, Coral Gables Title & Escrow.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93