The Sapir Organization & Giovanni Fasciano Sell Residential Condo On Collins Ave For $9M With Miltiadis Kastanis' Rep
8955 Collins Ave, Surfside
$9,000,000
$2,869/SF
Building Size
3,136 SF
Asset Type
—
Closing
Mar 18, 2021
About this deal
AI
The residential condo located at 8955 Collins Ave (Unit 702) was recently sold for $9,000,000. The property spans over 3,136 square feet, resulting in a price per square foot of $2,870. The sale took place on March 19, 2021.
Summary of Transation Details:
- Property Type: Residential Condo
- Transaction Amount: $9,000,000
- Address: 8955 Collins Ave (Unit 702)
- Square Footage: 3,136
- Price per Square Foot: $2,870
The sale of this residential condo was facilitated by the developer, The Sapir Organization and Giovanni Fasciano. Representing the buyer in the transaction were Miltiadis Kastanis and Pablo Alfaro from Douglas Elliman Florida. On the seller's side, the representatives were Miltiadis Kastanis and Douglas Elliman.
On the Map
$9,000,000
$2,869/SF
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Players
Surfside CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93