Douglas Elliman Acquires Residential Condo In Surfside For $12.8M
Arte Surfside, 8955 Collins Avenue, Surfside, FL, USA
$12,800,000
$3,026/SF
Building Size
4,229 SF
Asset Type
—
Closing
May 20, 2021
About this deal
AI
An exclusive residential condo located at 8955 Collins Avenue, Surfside, has recently been sold for a total price of $12,800,000. This stunning property spans over an impressive 4,229 square feet. With a price per square foot of $3,027, it offers a luxurious and spacious living environment.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $12,800,000
The sale of this residential condo was facilitated by Miltiadis Kastanis from Douglas Elliman and Douglas Elliman Florida, representing the buyer and seller in this transaction. The development of this property was carried out by Alex Sapir from The Sapir Organization and Giovanni Fasciano from Arte Surfside. Their expertise in the field ensures the highest quality and attention to detail in this exceptional property.
This successful transaction highlights the prominent individuals and companies involved in the deal, emphasizing their commitment to providing exceptional real estate opportunities in the Surfside market. The collaboration between Miltiadis Kastanis, Alex Sapir, and Giovanni Fasciano showcases their dedication to delivering outstanding residential properties.
On the Map
$12,800,000
$3,026/SF
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Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $3K per square foot on a published $12.8M for 4,229 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.24%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93