Oliver Caminos Sells Sunny Isles Beach Condo For $5.2M With Buyer's Rep Neal Klotsman & Seller's Rep Melissa Barragan
SOLD
$5,200,000
Florida
See Similar DealsCondo3,748 SF
Sold 05/18/2022
SOLD
Oliver Caminos Sells Sunny Isles Beach Condo For $5.2M With Buyer's Rep Neal Klotsman & Seller's Rep Melissa Barragan
18975 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
See Similar DealsCondo3,748 SF
Sold 05/18/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,387
Total Square Footage:3,748 SF
Transaction Type:Sale
A 3,748 square-foot condo located at 18975 Collins Ave, Unit 1500 in Sunny Isles Beach has been sold for $5,200,000. The condo, situated in a prime location, offers stunning views and luxurious amenities. The property was listed by Oliver Caminos and sold with the representation of Neal Klotsman from Douglas Elliman as the buyer's representative and Melissa Barragan and Marlui Rivas from Dezer Platinum Realty as the seller's representatives.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,200,000
- Size: 3,748 square feet
- Price per square foot: $1,387
- Address: 18975 Collins Ave, Unit 1500, Sunny Isles Beach
The deal was completed on 05/18/2022, marking a successful transaction in the Sunny Isles Beach market. Neal Klotsman from Douglas Elliman represented the buyer, while Melissa Barragan and Marlui Rivas from Dezer Platinum Realty represented the seller. This sale showcases the expertise of these professionals in the real estate industry and their ability to facilitate smooth transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$277,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,474.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,650.65
Annual Debt Service$295,807.83
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