BBG & M LLC Acquires Surfside Condo On Collins Avenue For $5.25M
9349 Collins Avenue, Surfside, FL, USA
$5,250,000
$1,657/SF
Building Size
3,168 SF
Asset Type
—
Closing
Mar 1, 2021
AI
A condo unit located at 9349 Collins Avenue Unit 403 in Surfside has been sold for $5,250,000. The property spans 3,168 square feet, resulting in a price per square foot of $1,657. The transaction took place on March 2, 2021.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,250,000
- Address: 9349 Collins Avenue Unit 403, Surfside
- Market: Surfside
The buyer of the condo unit was BBG & M LLC. The sellers were Louis Walsh and Desmond Morris. Representing the buyer was Gabriela Dajer from One Sotheby’s International Realty, while the seller was represented by Victoria Federici from Gray & Associates Properties.
Players
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
3.02%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93