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15701 Collins Avenue

Sheenal Patel Sells Condo At 15701 Collins Avenue Sunny Isles Beach For $7.1M
SOLDCondo

Sheenal Patel Sells Condo At 15701 Collins Avenue Sunny Isles Beach For $7.1M

15701 Collins Avenue

$7,100,000

$2,216/SF

Building Size

3,204 SF

Asset Type

Condo

Closing

Sep 12, 2024

AI

The property involved in this transaction is a condo located at 15701 Collins Avenue, Sunny Isles Beach. It has a square footage of 3,204 and was initially listed for an asking price of $7,500,000. The sale was completed for $7,100,000, which indicates a price per square foot of $2,215.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $7,100,000
  • Address: 15701 Collins Avenue, Sunny Isles Beach
  • Asking Price: $7,500,000
  • Square Footage: 3,204
  • Price Per Square Foot: $2,215
  • Seller: Sheenal Patel
  • Brokerage: Compass
  • Brokers Involved: Kelly Charles, Steven Seigel, Cate Kalifeh, and Frank Lustig

The brokers involved in this transaction, representing the seller, are Kelly Charles, Steven Seigel, Cate Kalifeh, and Frank Lustig. They facilitated the sale through Compass, a well-known real estate agency.

Players

Frank Lustig

Compass

Broker

$25.6M

vol

7 deals

Broker

North Miami 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

2.23%

Cash-on-Cash

-0.64%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93