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8955 Collins Avenue

Societe Real Estate Brokers $12.2M Sale Of Residential Condo In Surfside
SOLDCondo

Societe Real Estate Brokers $12.2M Sale Of Residential Condo In Surfside

8955 Collins Avenue

$12,225,000

$3,899/SF

Building Size

3,135 SF

Asset Type

Condo

Closing

Feb 1, 2022

AI

A residential condo located at 8955 Collins Ave in Surfside has recently been sold. The property, with a total area of 3,135 square feet, was sold for an impressive sale price of $12,225,000. The transaction took place on February 1, 2022, with the buyer's identity remaining undisclosed.

Summary of transaction details

  • Property Type: Residential Condo
  • Transaction Amount: $12,225,000
  • Address: 8955 Collins Ave, Surfside
  • Market: Surfside
  • Seller: The Sapir Organization
  • Broker: Ohad Fisherman - Societe Real Estate
  • Asking Price: $11,900,000
  • Square Footage: 3,135
  • Price per Square Foot: $3,900

The property was sold by The Sapir Organization. Ohad Fisherman, from Societe Real Estate, represented the buyer in the deal. The sale price exceeded the initial asking price, showcasing the value and demand for this prestigious residential condo in Surfside. The transaction represents a significant investment opportunity in the real estate market.

Players

Ohad Fisherman

Societe Real Estate

Broker

$85.6M

vol

8 deals

Broker

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

1.30%

Cash-on-Cash

-0.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93