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9349 Collins Avenue

Compass Brokers Liz Hogan & Karen Krotov Close Highest Sale In Fendi Chateau, Selling Surfside Condo For $12.2M
SOLD

Compass Brokers Liz Hogan & Karen Krotov Close Highest Sale In Fendi Chateau, Selling Surfside Condo For $12.2M

9349 Collins Avenue

$12,200,000

$1,798/SF

Building Size

6,783 SF

Asset Type

Closing

Nov 26, 2020

AI

The highest recorded sale in Fendi Chateau since 2018 has recently taken place at 9349 Collins Ave, Surfside. This luxurious condo boasts a total area of 6,783 square feet, with a price per square foot of $1,798. The asking price for this property was set at $14,500,000, but it was ultimately sold for $12,200,000. The transaction occurred on November 27, 2020, making it a significant deal in the real estate market. Liz Hogan and Karen Krotov, representing Compass, served as the brokers facilitating the sale.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $12,200,000
  • Square Footage: 6,783
  • Address: 9349 Collins Ave, Surfside
  • Asking Price: $14,500,000
  • Price per Square Foot: $1,798

Liz Hogan and Karen Krotov, from Compass, played a crucial role in facilitating this successful sale at Fendi Chateau. Their expertise and negotiation skills contributed to sealing the deal and achieving a favorable outcome for all parties involved.

Players

Liz Hogan

Compass

Broker

$537.9M

vol

35 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

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93