Ryan Serhant And Julian Cohen Acquire Surfside Condo For $33M
8955 Collins Avenue
$33,000,000
$4,296/SF
Building Size
7,681 SF
Asset Type
—
Closing
Dec 15, 2020
About this deal
AI
The property involved in this closed transaction is a condo located at 8955 Collins Avenue PH in Surfside. The condo has a total square footage of 7,681. The sale took place on December 15, 2020, with a selling price of $33,000,000. The price per square foot for this property is $4,296.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $33,000,000
- Address: 8955 Collins Avenue PH, Surfside
- Market: Surfside
The sellers of the property were Alex Sapir and Giovanni Fasciano, representing Sapir Corp. On the buyer's side, Ryan Serhant from Serhant Group and Julian Cohen from Jills Zeder Group acted as the buyer's representatives. Tara West from Douglas Elliman represented the sellers in this transaction.
On the Map
$33,000,000
$4,296/SF
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Players
Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $4.3K per square foot on a published $33M for 7,681 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.48%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93