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Manjinder Kaur & Ramanjit Singh Acquire Condo In Sunny Isles For $4.5M

Property Image
SOLD
$4,500,000

Florida

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Condo6,854 SF
Sold 09/05/2023
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Property Image
SOLD

Manjinder Kaur & Ramanjit Singh Acquire Condo In Sunny Isles For $4.5M

330 Sunny Isles Blvd #5-TS02, Sunny Isles Beach, FL 33160

See Similar Deals
Condo6,854 SF
Sold 09/05/2023
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$656
Total Square Footage:6,854 SF
Transaction Type:Sale

A luxurious condo located at 330 Sunny Isles Boulevard in Sunny Isles has been sold for $4.5 million. This stunning property spans across 6,854 square feet and boasts a price per square foot of $657. The condo offers exquisite features and is situated in a prime location.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $4,500,000
  • Address: 330 Sunny Isles Boulevard, Sunny Isles
  • Square Footage: 6,854
  • Price per Square Foot: $657

Manjinder Kaur and Ramanjit Singh were the buyers in this transaction. Parque Developers Corp, represented by Yosef Gil, served as the seller. The deal was facilitated by Karen Vivas from Lifestyle International Realty, acting as the broker. It is worth noting that along with the condo, the buyers also acquired $1,496,000 worth of personal property, including upgrades and furniture.

Players

Karen Vivas
Lifestyle International Realty
Karen Vivas
1 deal$4.5M volume(305) 600-9087
BROKER

Details

SOLD
IMAGE: Karen Vivas DATE: 09/05/2023 ADDRESS: 330 Sunny Isles Boulevard -ts02 MARKET: Sunny isles ASSET TYPE: Condo BUYER: Manjinder Kaur & Ramanjit Singh SELLER: Parque Developers Corp - Yosef Gil BROKER: Karen Vivas ( @Karenvivasxo) - Lifestyle International Realty (@lifestyleinternationalrealty) SALE PRICE: $4,500,000 SF: 6,854 ~ PPSF: $657 NOTE FROM BROKER: Deal is for $4.5 million dollar condo but also buying $ 1,496,000 million of the personal property ( upgrades and furniture ).

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55