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8955 Collins Avenue

Ryan Serhant And Julian Cohen Acquire Surfside Condo For $33M
SOLD

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

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.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

85 deals

Broker
Coldwell Banker
Coldwell BankerBrokerage
Alex Sapir

Alex Sapir

Sapir Corp

Seller

$944.8M

vol

9 deals

Seller

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

0.48%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93