Updated Oct 29, 2024
Susan Kassof Acquires $8M Condo In Sunny Isles Beach From Trump Group
17901 Collins Avenue, Sunny Isles Beach, Florida 33160-, United States
$8,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 24, 2023
About this deal
AI
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.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93