Luxury Condo In Surfside Sold For $13.2M With Brokers Dora Puig & Patrick Vysata - Luxe Living Realty; Luis Gonell - Compass
SOLD
$13,225,000
Florida
See Similar DealsCondo4,232 SF
Sold 03/31/2022
SOLD
Luxury Condo In Surfside Sold For $13.2M With Brokers Dora Puig & Patrick Vysata - Luxe Living Realty; Luis Gonell - Compass
8955 Collins Ave Unit 601 - Arte,Surfside,Florida
See Similar DealsCondo4,232 SF
Sold 03/31/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,125
Total Square Footage:4,232 SF
Transaction Type:Sale
This luxurious condo located at 8955 Collins Ave Unit 601 in Surfside has recently been sold for an impressive price of $13,225,000. The property offers a spacious 4,232 square feet of living space, resulting in a price per square foot of $3,125.
Summary of Transaction Details:
- Property Type: Condo
- Transaction Amount: $13,225,000
- Address: 8955 Collins Ave Unit 601, Surfside
- Market: Surfside
This notable transaction was facilitated by the esteemed real estate professionals: Dora Puig and Patrick Vysata from Luxe Living Realty, along with Luis Gonell from Compass. Their expertise and dedication undoubtedly played a crucial role in the successful completion of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$705,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,985.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,693.25
Annual Debt Service$752,318.96
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