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
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