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
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.
Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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