Gary Gold Waechter Acquires Condo In Sunny Isles Beach For $3.75M
18555 Collins Ave Apt 5003, Sunny Isles Beach, Fl 33160, Usa
$3,750,000
$109/SF
Building Size
34,220 SF
Asset Type
—
Closing
Jul 9, 2020
About this deal
AI
A condominium located at 18555 Collins Avenue in Sunny Isles Beach has been sold for $3,750,000. The property, spanning 3,422 square feet, was listed at a price of $1,096 per square foot.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,750,000
- Square Footage: 3,422
- Price per Square Foot: $1,096
- Seller's Representative: Gary Gold Waechter – One Sotheby's Int'l Realty
- Buyer's Representative: Chad Carroll – Compass Florida, LLC
The deal was facilitated by Gary Gold Waechter from One Sotheby's Int'l Realty, who represented the seller, and Chad Carroll from Compass Florida, LLC, who represented the buyer.
Players
Sunny Isles Beach CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $109 per square foot on a published $3.8M for 34,220 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93