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
About this deal
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.
On the Map
$12,200,000
$1,798/SF
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Surfside CRE Market Snapshot
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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