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Bishop Surf Club LLC Purchases Condo At 9149 Collins Avenue Surfside For $11.875M
SOLD
$11,875,000
Florida
See Similar DealsCondo2,260 SF
Sold 05/06/2026
SOLD
Bishop Surf Club LLC Purchases Condo At 9149 Collins Avenue Surfside For $11.875M
9149 Collins Avenue, #602
See Similar DealsCondo2,260 SF
Sold 05/06/2026
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$5,254
Total Square Footage:2,260 SF
Transaction Type:Sale
A 2,260-square-foot condo located at 9149 Collins Avenue in Surfside was sold for $11,875,000, translating to a price per square foot of $5,254. This transaction represents a high-end residential property in a sought-after area.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $11,875,000
- Square Footage: 2,260
- Price Per Square Foot: $5,254
- Buyer: Bishop Surf Club LLC
- Seller: Nadim Ashi - Fort Partners
- Transaction Date: May 6, 2026
Nadim Ashi, representing Fort Partners, executed the sale to Bishop Surf Club LLC, finalizing this significant real estate deal in the luxury market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$633,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,189.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,293.56
Annual Debt Service$675,522.70
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