Andrew Preston And Tomas Maier Acquire Surfside Condo For $13M
9111 Collins Ave Unit N-919, Surfside, FL 33154
$13,000,000
$4,333/SF
Building Size
3,000 SF
Asset Type
Condo
Closing
May 3, 2023
AI
Architect Leo A. Daly III and his wife, Grega Daly, have sold their 3,000-square-foot condo located at 9111 Collins Avenue Unit 919 in Surfside, Florida. The property, situated at the Surf Club Four Seasons, was sold for a total of $13 million, resulting in a price per square foot of $4,333. The transaction took place on May 3, 2023.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,000,000
- Square Footage: 3,000
- Address: 9111 Collins Avenue Unit 919
- Market: Surfside
The buyers of the property are fashion designer Tomas Maier and his husband, Andrew Preston. Maier is known for his work as the creative director of Bottega Veneta. Representing the buyers in the deal is Pablo Alfaro from Douglas Elliman. On the other side, the sellers of the condo are Grega Daly and Leo A. Daly III. Dora Puig from Luxe Living Realty acted as the seller's representative in the transaction.
It's worth noting that the Dalys originally purchased the condo for $6 million in 2017, making the recent sale price of $13 million more than double their initial investment.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93