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8955 Collins Avenue, Surfsi...

Updated Sep 9, 2024

Miltiadis Kastanis, Alex Sapir, Giovanni Fasciano Acquire Residential Condos In Surfside, Miami Beach
SOLD

Miltiadis Kastanis, Alex Sapir, Giovanni Fasciano Acquire Residential Condos In Surfside, Miami Beach

8955 Collins Avenue, Surfside, FL 33154

$11,200,000

$3,582/SF

Building Size

3,126 SF

Asset Type

—

Closing

Jan 27, 2022

About this deal

AI

8955 Collins Avenue, Apt 802 in Surfside, Miami Beach has been sold for $11,200,000. This residential condo, spanning 3,126 square feet, was sold at its full asking price. The price per square foot for this property is $3,583.

Summary of transaction details:

  • Property Type: Residential Condo
  • Transaction Amount: $11,200,000
  • Address: 8955 Collins Avenue, Apt 802, Surfside, Miami Beach
  • Market: Surfside, Miami Beach
  • Developer: Alex Sapir & Giovanni Fasciano
  • Buyer's Representative: Ryan Mendell - Maxwell E Realty Inc
  • Seller's Representative: Miltiadis Kastanis - Douglas Elliman
  • Square Footage: 3,126
  • Price Per Square Foot: $3,583

In another transaction, 8955 Collins Avenue, Apt 701 in Surfside, Miami Beach was sold for $12,225,000, which is over the asking price of $12,200,000. This residential condo also spans 3,126 square feet, with a price per square foot of $3,911.

The buyer's representative for this deal was Ohad Fisherman from Societe Real Estate, and the seller's representative was Miltiadis Kastanis from Douglas Elliman.

On the Map

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$11,200,000

$3,582/SF

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Players

Miltiadis Kastanis

Douglas Elliman

Broker

$233.4M

vol

17 deals

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Surfside CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $3.6K per square foot on a published $11.2M for 3,126 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.42%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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