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Arte Surfside, 8955 Collins...

Updated Dec 19, 2023

Douglas Elliman Acquires Residential Condo In Surfside For $12.8M
SOLD

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.

Players

Surfside CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

Douglas Elliman bought a home in Surfside for $12.8M in 2021. The full closing is on this page.

About $3K per square foot on a published $12.8M for 4,229 square feet (2021).

Visit Douglas Elliman to view all their deals.

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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

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