Shmuel B. Weiss Purchases Surfside Condo From Jacqueline And Bippy Siegal For $18.5M
9111 Collins Avenue
$18,500,000
$4,634/SF
Building Size
3,992 SF
Asset Type
Condo
Closing
Jul 25, 2024
AI
A condo at the Four Seasons Residences at the Surf Club in Surfside sold for $18.5 million. The unit spans 3,992 square feet, resulting in a price of $4,634 per square foot. This sale reflects a significant increase in value compared to its previous worth in 2019.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $18,500,000
- Address: 9111 Collins Avenue Unit N-321
- Market: Surfside
- Buyer: Bayit Ne-Eman B’Yam LLC
- Seller: Jacqueline S. Siegal; Bippy Siegal - Modern Bank
- Buyer’s Representative: Ohad Fisherman - Fisherman Group
- Seller’s Representative: Ximena Penuela - Fort Realty
- Square Footage: 3,992
- Price Per Square Foot: $4,634
Ohad Fisherman from Fisherman Group represented the buyer, Bayit Ne-Eman B’Yam LLC, while Ximena Penuela of Fort Realty represented the sellers, Bippy and Jacqueline Siegal. The transaction highlights the active market for luxury beachfront properties in Miami-Dade.
Players
Surfside Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.25%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93