The Corcoran Group Acquires Surfside Condo On Collins Ave. PH1206 For $7.46M
9401 Collins Avenue, Surfside, FL 33154, USA
$7,460,000
$1,795/SF
Building Size
4,156 SF
Asset Type
—
Closing
Jul 8, 2020
About this deal
AI
A 4,156 square foot condo located at 9401 Collins Ave. PH1206 in Surfside, FL has been sold. The property was listed for an asking price of $7,950,000 and was ultimately sold for $7,460,000, resulting in a price per square foot of $1,795.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,460,000
- Date: 07/08/2021
- Address: 9401 Collins Ave. PH1206
- Market: Surfside, FL
Adam Ziefer of The Corcoran Group and Bennett Gamel of Quality First Homes Realty represented the buyer in this transaction. Manty Sabates Morse, also from The Corcoran Group, represented the seller.
The property features a private 5,000 sq ft rooftop, which includes a pool, outdoor kitchen, and entertainment area.
Players
Surfside CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Deal FAQ
Visit Adam Ziefer to view all their deals.
Browse Florida sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.13%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93