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9349 Collins Avenue, Surfsi...

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

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

Gabriela Dajer

Sotheby's International Realty

Broker

$46.2M

vol

6 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93