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Tara West Condo In Miami Beach Sold For $10.2M

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SOLD
$10,200,000

Florida

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Condo3,127 SF
Sold 06/21/2021
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Property Image
SOLD

Tara West Condo In Miami Beach Sold For $10.2M

8955 Collins Avenue

See Similar Deals
Condo3,127 SF
Sold 06/21/2021
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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

Tara West
4 deals$75.9M volume
BROKER

Details

SOLD
IMAGE: Tara West, Alex Sapir & Giovanni Fasciano DATE: 6/2021 ADDRESS: 8955 Collins Avenue (Unit 801 @ArteSurfside) MARKET: Miami Beach ASSET TYPE: Residential Condo BROKER: Tara West (@Tara_West_) - @DouglasElliman, @DouglasEllimanFlorida DEVELOPER: Alex Sapir @TheSapirOrganization & Giovanni Fasciano (@GiovanniFasciano) - @ArteSurfside PRICE: $10,200,000 SF: 3,127 ~ PPSF: $3,262

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,238.44
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