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9111 Collins Ave Unit N-919...

Andrew Preston And Tomas Maier Acquire Surfside Condo For $13M
SOLDCondo

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

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

Tomas Maier

Buyer

$85.9M

vol

2 deals

Buyer

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