Richard Gold Acquires $10.4M Miami Condo From Thalía Mottola & Tommy Mottola
9011 Collins Avenue, Surfside, FL, USA
$10,400,000
$2,634/SF
Building Size
3,948 SF
Asset Type
—
Closing
Apr 1, 2021
About this deal
AI
A condominium located at 9011 Collins Avenue Unit Ave S-307 in Miami has been sold for $10,400,000. The property has a total area of 3,948 square feet, resulting in a price per square foot of $2,634. The transaction took place on April 2, 2021.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $10,400,000
- Address: 9011 Collins Avenue Unit Ave S-307, Miami
- Square Footage: 3,948
- Price per square foot: $2,634
- Buyer: Richard Gold
- Seller: Thalía Mottola & Tommy Mottola - Mottola Media Group
- Broker: Ximena Penuela - Fort Realty
The property was sold by Thalía Mottola and Tommy Mottola of Mottola Media Group. The buyer, Richard Gold, was represented by Ximena Penuela from Fort Realty. The sale of this Miami condo marks a significant transaction in the real estate market.
On the Map
$10,400,000
$2,634/SF
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Players
Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $10.4M for 3,948 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93