Sergio Waissmann & Kevin Waissmann Acquire Sunny Isles Beach Condo For $4.85M
18975 Collins Avenue
$4,850,000
$1,616,666/SF
Building Size
3 SF
Asset Type
Condo
Closing
Nov 10, 2022
AI
A condo located at 18975 Collins Avenue Unit 4702 in Sunny Isles Beach has been sold for $4,850,000. The property spans across 3,176 square feet, resulting in a price per square foot of $1,527.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $4,850,000
- Address: 18975 Collins Avenue Unit 4702
- Market: Sunny Isles Beach
The buyer's representatives for this transaction were Sergio Waissmann and Kevin Waissmann from Fortune International Realty. On the other hand, the seller's representatives were Fabio Lopes and Felise Eber from Coldwell Banker Realty.
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
3.27%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93