Arte Surfside Sells Condo In Surfside For $10.2M With Developers Alex Sapir & Giovanni Fasciano
8955 Collins Avenue
$10,200,000
$2,598/SF
Building Size
3,925 SF
Asset Type
Condo
Closing
Jan 17, 2021
About this deal
AI
Arte Surfside, the developers of the luxury condominium at 8955 Collins Avenue in Surfside, have sold the property in a recent transaction. The developers, Alex Sapir and Giovanni Fasciano, enlisted the services of Tara West as their broker representative. The condo, spanning 3,925 square feet, is located in a prime beachfront location.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,200,000
- Asking Price: $9,950,000
- Price per Square Foot: $2,599
The collaboration between Arte Surfside and their broker representative, Tara West, led to a successful sale of the property. The transaction was finalized on January 17, 2021.
On the Map
$10,200,000
$2,598/SF
Condo
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Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.6K per square foot on a published $10.2M for 3,925 square feet (2021).
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Browse Surfside condo sales on Traded.
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