Arte Surfside Acquires Condo In Surfside For $10.975M
SOLD
Florida
See Similar Deals4,302 SF
Sold 02/09/2021
SOLD
Arte Surfside Acquires Condo In Surfside For $10.975M
8955 Collins Avenue
See Similar Deals4,302 SF
Sold 02/09/2021
Summary
FLORIDA
Price Per Square Foot:$2,551
Total Square Footage:4,302 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$585,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,991.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,027.10
Annual Debt Service$624,325.19
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