Ruthie Assouline & Ethan Assouline Of Douglas Elliman Represent Sale Of Residence 1601 For $14M
8701 Collins Avenue
$14,000,000
$3,971/SF
Building Size
3,525 SF
Asset Type
Condo
Closing
Mar 30, 2026
AI
The property involved in this transaction is a condo located at 8701 Collins Ave, Residence 1601, in the market of Miami Beach, FL. The sale price was set at $14,000,000, with a total area of 3,525 square feet, resulting in a price per square foot of $3,972.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $14,000,000
- Address: 8701 Collins Ave, Residence 1601
- Market: Miami Beach, FL
- Square Footage: 3,525
- Price Per Square Foot: $3,972
- Seller's & Buyer's Representative: Ruthie Assouline, Ethan Assouline - Douglas Elliman
The Assouline Team, representing both the buyer and seller, has successfully completed the sale of Residence 1601 at 87 Park. With a strong presence in Miami and New York, their team emphasizes a commitment to achieving exceptional results in real estate transactions.
Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93