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Four Seasons Residences Condo In Surfside Sells For $22.75M
SOLD
$22,750,000
Florida
See Similar DealsCondo3,992 SF
Sold 07/09/2023
SOLD
Four Seasons Residences Condo In Surfside Sells For $22.75M
9111 Collins Avenue N-521 Surfside, Florida 33154, USA
See Similar DealsCondo3,992 SF
Sold 07/09/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$5,698
Total Square Footage:3,992 SF
Transaction Type:Sale
A luxury condo at the Four Seasons Residences in Surfside has been sold for $22.75 million, doubling its previous sale price. Located at 9111 Collins Avenue N-521, this exquisite unit is part of the Surf Club complex and offers three bedrooms, 5.5 bathrooms, and access to upscale amenities. With a spacious area of 3,992 square feet, the property boasts a price per square foot of $5,699.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $22,750,000
- Address: 9111 Collins Avenue N-521
- Market: Surfside
- Seller: Nikki Investment Corp - Douglas Elliman - Francesca Halpryn
The sale was facilitated by Francesca Halpryn of Douglas Elliman on behalf of the seller, Nikki Investment Corp. This successful transaction not only reflects the growing demand for luxury properties in Surfside but also highlights the expertise of the Nikki Investment Corp team in securing a favorable outcome. Buyers will no doubt appreciate the stunning views, luxurious living spaces, and exclusive amenities provided by the Surf Club complex.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,213,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$80,825.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$107,846.61
Annual Debt Service$1,294,159.28
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