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17100 Collins Avenue, Sunny...

Patrick Graf Acquires Penthouse In Sunny Isles Beach For $12.5M With Seller's Rep Irving Langer
SOLDOther

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

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.

Players

Bryan Sereny

Douglas Elliman

Broker

$247.7M

vol

20 deals

Broker

Patrick Graf

Buyer

$25M

vol

2 deals

Buyer
Irving Langer

Irving Langer

E&M Associates

Seller

$510.4M

vol

10 deals

Seller

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