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

Property Image
SOLD
$33,000,000
Tara West
Julian Cohen
+ 4

Florida

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7,681 SF
Sold 12/15/2020
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Property Image
SOLD

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

8955 Collins Avenue

See Similar Deals
7,681 SF
Sold 12/15/2020
Tara West
Julian Cohen
+ 4
Contact now

Summary

FLORIDA
Price Per Square Foot:$4,296
Total Square Footage:7,681 SF
Transaction Type:Sale

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
84 deals$1.7B volume(305) 400-9507
BROKER

Ryan Serhant
Serhant
43 deals$955.1M volume
BROKER

Julian Cohen
Douglas Elliman
23 deals$291.6M volume
BROKER

Tara West
Douglas Elliman
4 deals$75.9M volume
BROKER

Dean Bloch
Douglas Elliman
11 deals$85.1M volume
BROKER

Coldwell Banker
BROKERAGE

Alex Sapir
9 deals$944.8M volume
SELLER

Details

SOLD
IMAGE: Tara West, Alex Sapir, Ryan Serhant & Julian Cohen DATE: 12/15/2020 ADDRESS: 8955 Collins Avenue PH MARKET: Surfside ASSET TYPE: Condo SELLER: Alex Sapir & Giovanni Fasciano - Sapir Corp. BUYER'S REP: Ryan Serhant - Serhant Group, Julian Cohen - Jills Zeder Group SELLER'S REP: Tara West - Douglas Elliman PRICE: $33,000,000 SF: 7,681 ~ PPSF: $4,296

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,759,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$117,242.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$156,436.84
Annual Debt Service$1,877,242.03