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9349 Collins Avenue, Surfsi...

Compass Acquires Surfside Condo On Collins Ave For $11.75M
SOLD

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

Michael Martirena

Compass

Broker

$317.5M

vol

25 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

1.35%

Cash-on-Cash

-0.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93