Thalía & Tommy Mottola's Mottola Media Group Acquires Residential Condo In Surfside For $8M
9001 Collins Ave, Surfside, FL 33154, USA
$8,000,000
$202/SF
Building Size
39,480 SF
Asset Type
—
Closing
May 26, 2020
About this deal
AI
A residential condo located at 9001 Collins Avenue in Surfside was recently sold for $8,000,000. The property spans 3,948 square feet, resulting in a price per square foot of $2,026.
Summary of transaction details:
- Property Type: Residential Condo
- Transaction Amount: $8,000,000
- Address: 9001 Collins Avenue
- Market: Surfside
The buyers of the property are Thalía & Tommy Mottola, who represent Mottola Media Group in this deal.
The commercial sale at 9001 Collins Ave, Surfside, FL 33154, USA in Surfside, Florida sold for $8M in 2020. The building is 39,480 square feet, implying about 202 per square foot on the published price. This page is the Surfside, Florida file for the 9001 Collins Ave, Surfside, FL 33154, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Surfside sit in the Market section below. Filter that Surfside commercial set by closing date to see what else sold near 9001 Collins Ave, Surfside, FL 33154, USA around 2020. Published consideration for 9001 Collins Ave, Surfside, FL 33154, USA is $8M, dated 2020. Cite this Thalía & Tommy Mottola's Mottola Media Group Acquires Residential Condo In Surfside For $8M sale when underwriting similar commercial product around Surfside, Florida.
Players
Surfside CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93