Buyer Boris Tarlo Of Florida's Best Realty And Fernanda Zomignani Of Compass Secure $5M Condo Sale
18975 Collins Avenue
$5,000,000
$1,864/SF
Building Size
2,682 SF
Asset Type
Condo
Closing
Sep 2, 2025
About this deal
AI
18975 Collins Avenue Unit 4502 is a condo located in Sunny Isles Beach, which recently sold for $5,000,000. The property encompasses 2,682 square feet, resulting in a price per square foot of $1,864.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,000,000
- Sale Date: 09/03/2025
- Market: Sunny Isles Beach
- Square Footage: 2,682
- Price per Square Foot: $1,864
- Buyer's Representatives: Boris Tarlo - Florida's Best Realty & Fernanda Zomignani - Compass
This sale marks a record at Armani Residences, achieving a 12% increase over the last transaction for the building. The previous sale for this specific line occurred in December 2023, providing optimistic news for all Armani owners.
Players
Sunny Isles Beach Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93