Compass Brokers Bill Brothers & Pauline Merl Sell Sunny Isles Beach Condo For $4.7M
18975 Collins Avenue, Sunny Isles Beach, Florida 33160, United
$4,700,000
$1,541/SF
Building Size
3,050 SF
Asset Type
Condo
Closing
Apr 19, 2022
AI
A luxury condo unit located at 18975 Collins Ave Unit 3101 in Sunny Isles Beach has recently been sold for $4,700,000. The property spans across 3,050 square feet, offering a spacious living area. With a price per square foot of $1,541, this condo offers a desirable investment opportunity in the Sunny Isles Beach market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,700,000
- Address: 18975 Collins Ave Unit 3101
- Market: Sunny Isles Beach
Represented by Bill Brothers and Pauline Merl from Compass, the sale of this luxury condo unit marks a successful transaction in the Sunny Isles Beach market. Their expertise and dedication to their clients ensured a smooth process from negotiation to closing. Bill Brothers and Pauline Merl have established themselves as trusted brokers in the real estate industry.
Players
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
3.38%
Cash-on-Cash
-0.96%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93