Arte Surfside Acquires Condo In Surfside For $10.975M
8955 Collins Avenue
$10,975,000
$2,551/SF
Building Size
4,302 SF
Asset Type
—
Closing
Feb 9, 2021
AI
The asset involved in the transaction is a condo located at 8955 Collins Ave, Surfside. The condo has a total area of 4,302 square feet, with a price per square foot of $2,551. The property was sold on 02/09/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,975,000
- Address: 8955 Collins Ave Surfside
The seller of the condo was @ArteSurfside represented by Alex Sapir and @GiovanniFasciano. The buyer was represented by Dina Goldentayer. The seller's representative in the deal was Miltiadis Kastanis.
Players
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
1.45%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93