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
About this deal
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.
On the Map
$4,700,000
$1,541/SF
Condo
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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