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8925 Collins Avenue

Paul Faerstein Purchases Oceanfront Condo From Karen Fryd In Surfside For $1.35M
SOLDCondo

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

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.

Players

Lisa Lajes Rosen

BHHS EWM Realty

Broker

$8M

vol

3 deals

Broker
RelatedISG International Realty
RelatedISG International RealtyBrokerage

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

11.75%

Cash-on-Cash

-3.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93