ONE Sotheby's International Realty Facilitates $8.7M Sale Of Surfside Condo On Collins Ave
SOLD
$8,700,000
Florida
See Similar DealsCondo2,201 SF
Sold 04/26/2021
SOLD
ONE Sotheby's International Realty Facilitates $8.7M Sale Of Surfside Condo On Collins Ave
9001 Collins Avenue, Surfside, FL, USA
See Similar DealsCondo2,201 SF
Sold 04/26/2021
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,952
Total Square Footage:2,201 SF
Transaction Type:Sale
A condo located at 9001 Collins Ave in Surfside has been sold in a recent transaction. The property, spanning 2,201 square feet, was sold for a price of $8,700,000. The condo features luxury amenities and is situated in a desirable location.
Summary of transaction details
- Property Type: Condo
- Sale Price: $8,700,000
- Square Footage: 2,201
- Address: 9001 Collins Ave, Surfside
The deal was facilitated by Jacqueline Dickstein, who represented the buyer in the transaction. The seller's representation was handled by Joelle Oiknine and Stephanie Mermell of ONE Sotheby's International Realty. The asking price for the condo was $8,950,000. The sale price ultimately reached was $8,700,000, indicating successful negotiations.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$463,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,909.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$41,242.44
Annual Debt Service$494,909.26
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