Sergio Waissmann & Kevin Waissmann Acquire Sunny Isles Beach Condo For $4.85M
SOLD
$4,850,000
+ 1
Florida
See Similar DealsCondo3 SF
Sold 11/10/2022
SOLD
Sergio Waissmann & Kevin Waissmann Acquire Sunny Isles Beach Condo For $4.85M
18975 Collins Avenue
See Similar DealsCondo3 SF
Sold 11/10/2022
+ 1
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,616,666
Total Square Footage:3 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$258,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,231.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,991.47
Annual Debt Service$275,897.69
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