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Bentley Residences

Dezer Group Sells Condo At Bentley Residences In Sunny Isles Beach For $7.4M
SOLDCo-Op

Dezer Group Sells Condo At Bentley Residences In Sunny Isles Beach For $7.4M

Bentley Residences

$7,400,000

$2,455/SF

Building Size

3,014 SF

Asset Type

Co-Op

Closing

Jan 10, 2023

AI

The Bentley Residences, located at 18401 Collins Avenue in Sunny Isles Beach, have been sold in a recent transaction. The condo unit, spanning 3,014 square feet, was listed for sale by the Dezer Group. The property was represented by Melissa Barragan of Dezer Platinum Realty. Wendy Sanchez of Charles Rutenberg Realty acted as the buyer's representative.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,400,000
  • Address: 18401 Collins Avenue, Sunny Isles Beach
  • Market: Sunny Isles Beach
  • Square Footage: 3,014
  • Price Per Square Foot: $2,455

The sale price for the Bentley Residences unit was $7,400,000, matching the asking price. The property features a spacious floor plan, offering 3,014 square feet of living space. Its prime location in Sunny Isles Beach adds to its desirability. Both the buyer's and seller's representatives, Wendy Sanchez and Melissa Barragan respectively, played a crucial role in facilitating the transaction.

Players

Wendy Sanchez

Charles Rutenberg Realty

Broker

$87.3M

vol

17 deals

Broker
DG
Dezer GroupSeller

Sunny Isles , Florida Co-Op Market Snapshot

Boundary boundary · Co-Op · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.14%

Cash-on-Cash

-0.61%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93