Marco Tine Of Serhant Represents Buyer In $6.85M Surfside Condo Sale With Anthony Nucci Of Douglas Elliman As Seller's Rep
SOLD
$6,850,000
Florida
See Similar DealsCondo1,753 SF
Sold 05/27/2025
SOLD
Marco Tine Of Serhant Represents Buyer In $6.85M Surfside Condo Sale With Anthony Nucci Of Douglas Elliman As Seller's Rep
9001 Collins Avenue
See Similar DealsCondo1,753 SF
Sold 05/27/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,907
Total Square Footage:1,753 SF
Transaction Type:Sale
The property involved in this transaction is a condo located at 9001 Collins Avenue Unit 606 in Surfside. The sale price of the condo was $6,850,000, and it encompasses a total square footage of 1,753. The price per square foot for this property is $3,907.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,850,000
- Address: 9001 Collins Avenue Unit 606
- Market: Surfside
- Square Footage: 1,753
- Price per Square Foot: $3,907
- Buyer's Representative: Marco Tine - Serhant
- Seller's Representative: Anthony Nucci - Douglas Elliman
Marco Tine represented the buyer in this transaction while Anthony Nucci represented the seller, showcasing collaboration between two distinct real estate agencies, Serhant and Douglas Elliman, in facilitating the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$365,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,336.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,472.49
Annual Debt Service$389,669.94
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