Compass Brokers Bill Brothers & Pauline Merl Sell Sunny Isles Beach Condo For $4.7M
SOLD
$4,700,000
Florida
See Similar DealsCondo3,050 SF
Sold 04/19/2022
SOLD
Compass Brokers Bill Brothers & Pauline Merl Sell Sunny Isles Beach Condo For $4.7M
18975 Collins Avenue, Sunny Isles Beach, Florida 33160, United
See Similar DealsCondo3,050 SF
Sold 04/19/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,541
Total Square Footage:3,050 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$250,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,698.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,280.40
Annual Debt Service$267,364.77
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