Miami Global Realty Inc Acquires Condo In Sunny Isles Beach For $4.1M
17011 Collins Avenue
$4,100,000
$499/SF
Building Size
8,210 SF
Asset Type
Condo
Closing
Apr 14, 2023
AI
A condo located at 18975 Collins Avenue in Sunny Isles Beach has been sold for $4,100,000. This property spans 2,271 square feet, resulting in a price per square foot of $1,805. The sale was facilitated by Marine Rollins of Miami Global Realty Inc.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,100,000
- Address: 18975 Collins Avenue, Sunny Isles Beach
- Square Footage: 2,271
- Price per Square Foot: $1,805
- Broker: Marine Rollins - Miami Global Realty Inc
Marine Rollins of Miami Global Realty Inc played a pivotal role in this transaction, representing the buyer or seller involved in the deal.
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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93