Tara West Condo In Miami Beach Sold For $10.2M
8955 Collins Avenue
$10,200,000
$3,261/SF
Building Size
3,127 SF
Asset Type
Condo
Closing
Jun 21, 2021
AI
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
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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93