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8955 Collins Avenue

Arte Surfside Acquires Condo In Surfside For $17M With Seller's Rep Douglas Elliman
SOLDCondo

Arte Surfside Acquires Condo In Surfside For $17M With Seller's Rep Douglas Elliman

8955 Collins Avenue

$17,000,000

$2,437/SF

Building Size

6,975 SF

Asset Type

Condo

Closing

Jan 25, 2023

AI

A luxury condo located at 8955 Collins Avenue in the Surfside market has been sold for a staggering price of $17,000,000. This spacious condo boasts a total area of 6,975 square feet, translating to a price per square foot of $2,437. The property, developed by Alex Sapir and Giovanni Fasciano of Arte Surfside, offers an exclusive and opulent living experience in one of the most sought-after locations.

Summary of Transaction Details

  • Property Type: Condo
  • Transaction Amount: $17,000,000
  • Address: 8955 Collins Avenue
  • Market: Surfside

Facilitating this remarkable sale were Miltiadis Kastanis and Dina Goldentayer of Douglas Elliman, acting as the seller's representatives. Their expertise and negotiation skills played a pivotal role in finalizing the deal. The successful transaction highlights the immense market value and desirability of the property.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker
Alex Sapir

Alex Sapir

Sapir Corp

Seller

$944.8M

vol

9 deals

Seller

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93