Paul Faerstein Purchases Oceanfront Condo From Karen Fryd In Surfside For $1.35M
8925 Collins Avenue
$1,350,000
$798/SF
Building Size
1,690 SF
Asset Type
Condo
Closing
Sep 9, 2025
About this deal
AI
The property involved in this transaction is a condo located at 8925 Collins Avenue Unit 3B in Surfside. The sale price was $1,350,000, with a total square footage of 1,690. This condo features 2 bedrooms and 2.5 bathrooms, offering a spacious living environment. The area is well-known for its oceanfront living experience, highlighted by its wrap-around balcony that provides views of the bay, city, and ocean.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $1,350,000
- Buyer: Paul Faerstein
- Seller: Karen Fryd
- Buyer's Representative: David Badamo - RelatedISG International Realty
- Seller's Representative: Lisa Lajes Rosen - BHHS EWM Realty
- Square Footage: 1,690
- Price per Square Foot: $798
The deal was facilitated by David Badamo representing the buyer and Lisa Lajes Rosen representing the seller, bringing their expertise from RelatedISG International Realty and BHHS EWM Realty respectively. The transaction reflects a collaborative effort between both representatives to ensure a smooth process for the buyer transitioning from NY to Miami.
On the Map
$1,350,000
$798/SF
Condo
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Surfside Condo Market Snapshot
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Deal FAQ
About $798 per square foot on a published $1.4M for 1,690 square feet (2025).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93