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BBG & M LLC Acquires Surfside Condo On Collins Avenue For $5.25M

Property Image
SOLD
$5,250,000
Victoria Federici
Gabriela Dajer

Florida

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3,168 SF
Sold 03/02/2021
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Property Image
SOLD

BBG & M LLC Acquires Surfside Condo On Collins Avenue For $5.25M

9349 Collins Avenue, Surfside, FL, USA

See Similar Deals
3,168 SF
Sold 03/02/2021
Victoria Federici
Gabriela Dajer
the dealplayerscompscontact
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Summary

FLORIDA
Price Per Square Foot:$1,657
Total Square Footage:3,168 SF
Transaction Type:Sale

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

Gabriela Dajer
Sotheby's International Realty
Gabriela Dajer
6 deals$46.2M volume
BROKER
Victoria Federici
Victoria Federici
1 deal$5.3M volume
BROKER

Details

SOLD
IMAGE: Victoria Federici, Louis Walsh & Gabriela Dajer DATE: 03/02/2021 ADDRESS: 9349 Collins Avenue Unit 403 MARKET: Surfside ASSET TYPE: Condo BUYER: BBG & M LLC SELLER: Louis Walsh & Desmond Morris BUYER'S REP: Gabriela Dajer - One Sotheby’s International Realty SELLER'S REP: Victoria Federici - Gray & Associates Properties PRICE: $5,250,000 SF: 3,168 ~ PPSF: $1,657

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$280,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,652.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,887.68
Annual Debt Service$298,652.14