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8955 Collins Ave, Surfside

The Sapir Organization & Giovanni Fasciano Sell Residential Condo On Collins Ave For $9M With Miltiadis Kastanis' Rep
SOLD

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

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.

Players

Pablo Alfaro

Douglas Elliman

Broker

$242.2M

vol

13 deals

Broker

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

1.76%

Cash-on-Cash

-0.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93