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
About this deal
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.
On the Map
$24,000,000
$4,067/SF
Condo
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Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $4.1K per square foot on a published $24M for 5,900 square feet (2024).
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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