Alex Sapir & Giovanni Fasciano's Arte Surfside Sells Condo In Surfside For $17M
8955 Collins Avenue
$17,000,000
$2,437/SF
Building Size
6,975 SF
Asset Type
Co-Op
Closing
Jan 25, 2023
About this deal
AI
A condo located at 8955 Collins Avenue in Surfside has been sold for $17,000,000. The property spans across 6,975 square feet and has a price per square foot of $2,437.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $17,000,000
- Address: 8955 Collins Avenue
- Market: Surfside
The development of this condo was led by Alex Sapir and Giovanni Fasciano of Arte Surfside. Douglas Elliman represented the sellers, Miltiadis Kastanis and Dina Goldentayer, in this transaction.
These key individuals and companies played significant roles in the sale of the property, ensuring a successful transaction between the buyer and the seller.
On the Map
$17,000,000
$2,437/SF
Co-Op
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Players
Surfside Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93