Patrick Graf Acquires Penthouse In Sunny Isles Beach For $12.5M With Seller's Rep Irving Langer
17100 Collins Avenue, Sunny Isles Beach, Florida 33160, United States
$12,500,000
$2,083,333/SF
Building Size
6 SF
Asset Type
Other
Closing
Jan 11, 2023
About this deal
AI
A penthouse located at 17100 Collins Avenue in Sunny Isles Beach was recently sold in a closed transaction. The property spans 6,100 square feet and was sold for a price of $12,500,000, resulting in a price per square foot of $2,049.
Summary of Transaction Details
- Property Type: Penthouse
- Transaction Amount: $12,500,000
- Address: 17100 Collins Avenue
- Market: Sunny Isles Beach
Patrick Graf was the buyer of the penthouse, while Irving Langer of E&M Associates was the seller. Mariam Kaira represented the buyer as a real estate agent from Optimar International Realty. On the other hand, Bill Hernandez and Bryan Sereny from Douglas Elliman acted as the seller's representatives.
On the Map
$12,500,000
$2,083,333/SF
Other
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Players
Sunny Isles Beach Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.27%
Cash-on-Cash
-0.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93