Compass Acquires Surfside Condo On Collins Ave For $11.75M
9349 Collins Avenue, Surfside, Florida 33154, United States
$11,750,000
$2,199/SF
Building Size
5,343 SF
Asset Type
—
Closing
Feb 16, 2022
AI
A condo located at 9349 Collins Ave in Surfside has been sold in a recent transaction. The property spans 5,343 square feet and features an asking price of $13,600,000. The sale price for this condo was recorded at $11,750,000, resulting in a price per square foot of $2,199.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $11,750,000
- Address: 9349 Collins Ave, Surfside
- Asking Price: $13,600,000
- Square Footage: 5,343
- Price per Square Foot: $2,199
The sale was facilitated by brokers Michael Martirena and Ivan Chorney from the Ivan & Mike Team at Compass. They represented the parties involved in this transaction.
Players
Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.35%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93