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
$5,200,000
$1,387/SF
Building Size
3,748 SF
Asset Type
Condo
Closing
May 18, 2022
About this deal
AI
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.
On the Map
$5,200,000
$1,387/SF
Condo
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Sunny Isles Beach Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $1.4K per square foot on a published $5.2M for 3,748 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93