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9001 Collins Avenue

Eric Kenneth Seiff Acquires $24M Condo In Surfside From Marguerite DeLany Hark's Trust
SOLDCondo

Eric Kenneth Seiff Acquires $24M Condo In Surfside From Marguerite DeLany Hark's Trust

9001 Collins Avenue

$24,000,000

$4,067/SF

Building Size

5,900 SF

Asset Type

Condo

Closing

Feb 23, 2024

AI

A $24 million condo at Four Seasons Residences at the Surf Club in Surfside was purchased by Eric Kenneth Seiff from the late Marguerite DeLany Hark's trust. The unit boasts luxury amenities, such as a private club, swimming pools, and a Thomas Keller restaurant.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $24,000,000
  • Address: 9001 Collins Avenue Surfside

Ken Seiff, managing partner at Blockchange Ventures, acquired the condo at a notable price point from the trust. Representing the buyer were Miltiadis Kastanis and Pablo Alfaro of Douglas Elliman, while Jackie Feldman of One Sotheby's International Realty acted as the seller's representative.

Players

Pablo Alfaro

Douglas Elliman

Broker

$242.2M

vol

13 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

0.66%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93