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8955 Collins Avenue

Alex Sapir & Giovanni Fasciano's Arte Surfside Sells Condo In Surfside For $17M
SOLDCo-Op

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

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.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
Alex Sapir

Alex Sapir

Sapir Corp

Seller

$944.8M

vol

9 deals

Seller

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