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
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