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9111 Collins Avenue

Shmuel B. Weiss Purchases Surfside Condo From Jacqueline And Bippy Siegal For $18.5M
SOLDCondo

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

Ximena Penuela

Fort Realty

Broker

$279.1M

vol

13 deals

Broker
Bankwell Financial Group
Bankwell Financial GroupLender

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