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Alumdena Legorreta Purchases Surfside Condo From Nadim Ashi For $68.7M
SOLD
$68,696,359
Florida
See Similar DealsCondo16,343 SF
Sold 12/12/2025
SOLD
Alumdena Legorreta Purchases Surfside Condo From Nadim Ashi For $68.7M
9149 Collins Avenue
See Similar DealsCondo16,343 SF
Sold 12/12/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4,203
Total Square Footage:16,343 SF
Transaction Type:Sale
The condo located at 9149 Collins Avenue & 10B in Surfside has a total area of approximately 16,343 square feet. The property sold for $68,696,359, which equates to a price per square foot of $4,203.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $68,696,359
- Buyer: Alumdena Legorreta
- Seller: Nadim Ashi - Fort Partners
- Market: Surfside
- Square Footage: 16,343
- Price per Square Foot: $4,203
Nadim Ashi, representing Fort Partners, completed the sale of the condo to Alumdena Legorreta. This transaction showcases the involvement of prominent individuals in the real estate market. The deal reflects an active market environment in the Surfside area.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,663,805.80
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$244,063.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$325,655.79
Annual Debt Service$3,907,869.47
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