Daniel & Arielle Rosenberg Acquire Surfside Condo At 9365 Collins Avenue For $16.8M
SOLD
$16,800,000
Florida
See Similar Deals6,505 SF
Sold 01/12/2021
SOLD
Daniel & Arielle Rosenberg Acquire Surfside Condo At 9365 Collins Avenue For $16.8M
9365 Collins Avenue, Surfside, FL, USA
See Similar Deals6,505 SF
Sold 01/12/2021
Summary
FLORIDA
Price Per Square Foot:$2,582
Total Square Footage:6,505 SF
Transaction Type:Sale
The sale of a condo unit in Surfside has been completed at 9365 Collins Avenue PH03. The property, with a total area of 6,505 square feet, was sold for $16,800,000. The price per square foot was calculated to be $2,583. The transaction took place on January 12, 2021. The buyer of the condo unit is Daniel & Arielle Rosenberg, while the seller is Miriam Langer. Irving Langer, representing E&M Management, was the seller's representative in the deal.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $16,800,000
- Address: 9365 Collins Avenue PH03
- Market: Surfside
- Square Footage: 6,505
- Price per Square Foot: $2,583
The sale was facilitated by Irving Langer of E&M Management, representing the seller Miriam Langer. No additional information about the transaction was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$895,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,686.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,640.57
Annual Debt Service$955,686.85
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