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

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SOLD
$1,350,000

Florida

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Condo1,690 SF
Sold 09/10/2025
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Property Image
SOLD

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

8925 Collins Avenue

See Similar Deals
Condo1,690 SF
Sold 09/10/2025
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$798
Total Square Footage:1,690 SF
Transaction Type:Sale

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

3 deals$8M volume(305) 804-7797
BROKER


RelatedISG International Realty
BROKERAGE

Details

SOLD
IMAGE: Lisa Lajes Rosen & David Badamo DATE: 09/10/2025 ADDRESS: 8925 Collins Avenue Unit 3B MARKET: Surfside ASSET TYPE: Condo BUYER: Paul Faerstein SELLER: Karen Fryd BUYER'S REP: David Badamo (@DavidBadamo) - RelatedISG International Realty (@RelatedISG_Commercial) SELLER'S REP: Lisa Lajes Rosen (@EWMRosen) - BHHS EWM Realty (@EWMRealty) SALE PRICE: $1,350,000 SF: 1,690 ~ PPSF: $798 FROM SELLER'S REP: Just Sold! Experience direct oceanfront living in this stunning 2-bedroom, 2.5-bath condo spanning 1,690 sq. ft. Located in The Mirage, a 12-story building completed in 1995 with a total of 99 residences, this home offers unparalleled views of the bay, city, and ocean right from your spacious wrap-around balcony—perfect for soaking in breathtaking sunsets. The open floor plan of this condo features a generous living area, dining space, and a kitchen overlooking the ocean, making it ideal for relaxing or entertaining guests. The Mirage provides luxurious amenities, including a refreshing pool, direct ocean access, scenic boardwalks, and just steps from the beach! Congratulations to the Sellers and a warm welcome to the new Buyers from NY! Enjoy all that Miami beaches and endless sunshine have to offer! ☀️🏖️

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$72,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26