Tara West Condo In Miami Beach Sold For $10.2M
SOLD
$10,200,000
Florida
See Similar DealsCondo3,127 SF
Sold 06/21/2021
SOLD
Tara West Condo In Miami Beach Sold For $10.2M
8955 Collins Avenue
See Similar DealsCondo3,127 SF
Sold 06/21/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,261
Total Square Footage:3,127 SF
Transaction Type:Sale
A residential condo unit located at 8955 Collins Avenue (Unit 801 @ArteSurfside) in Miami Beach was recently sold for $10,200,000. The property spans 3,127 square feet, resulting in a price per square foot of $3,262. This transaction took place in June 2021.
Summary of transation details
- Property Type: Residential Condo
- Transaction Amount: $10,200,000
- Address: 8955 Collins Avenue (Unit 801 @ArteSurfside), Miami Beach
- Market: Miami Beach
Tara West from DouglasElliman served as the broker in this sale. The developer of the residential condo unit is Alex Sapir from The Sapir Organization and Giovanni Fasciano from ArteSurfside.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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