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
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