Susan Kassof Acquires $8M Condo In Sunny Isles Beach From Trump Group
SOLD
$8,000,000
Florida
See Similar DealsMultiFamily
Sold 02/24/2023
SOLD
Susan Kassof Acquires $8M Condo In Sunny Isles Beach From Trump Group
17901 Collins Avenue, Sunny Isles Beach, Florida 33160-, United States
See Similar DealsMultiFamily
Sold 02/24/2023
Summary
FLORIDA
Asset Type:MultiFamily
Transaction Type:Sale
Located in Sunny Isles Beach, this condo at 17901 Collins Avenue Unit 2701 was recently sold for $8,000,000. The transaction took place on February 24, 2023. The property, captured beautifully in the image by Andrew Kassof, offers a stunning view and is sure to impress.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,000,000
- Address: 17901 Collins Avenue Unit 2701
- Market: Sunny Isles Beach
This sale was made by the Trump Group to buyers Susan Kassof and Andrew Kassof, represented by Kirkland & Ellis. The lender for this transaction was Associated Bank.
With its prime location and luxurious features, this condo is an exquisite property. The successful sale showcases the demand for high-end real estate in Sunny Isles Beach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
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