Juan Alvarez Realty Group And Dezer Platinum Realty LLC Facilitate $3.45M Sale Of Residential Condo In Sunny Isles Beach
18555 Collins Ave Apt 4004, Sunny Isles Beach, Fl 33160, Usa
$3,450,000
$110/SF
Building Size
31,300 SF
Asset Type
—
Closing
Aug 10, 2020
About this deal
AI
A residential condo duplex unit located at 18555 Collins Ave. in Sunny Isles Beach has been sold for $3,450,000. The property, spanning 3,130 square feet, was sold at a price of $1,102.24 per square foot. The transaction took place on August 11, 2020. Juan M. Alvarez of Juan Alvarez Realty Group and Michelle Lynn Judd of Dezer Platinum Realty LLC represented the parties involved in the deal.
Summary of transaction details
- Property Type: Residential Condo (Duplex Unit)
- Transaction Amount: $3,450,000
- Square Footage: 3,130
- Price per Square Foot: $1,102.24
- Address: 18555 Collins Ave., Sunny Isles Beach
The sale was facilitated by Juan M. Alvarez of Juan Alvarez Realty Group and Michelle Lynn Judd of Dezer Platinum Realty LLC. The transaction represents a successful collaboration between both parties in the real estate market.
On the Map
$3,450,000
$110/SF
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Sunny Isles Beach CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.60%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93