Philip Scheinfeld & Nicole Rapps Of Compass Represent Buyer In Surfside Condo Sale For $40M
9165 Collins Avenue
$40,000,000
$4,723/SF
Building Size
8,469 SF
Asset Type
Condo
Closing
Apr 7, 2026
AI
The property involved in this transaction is a condo located at 9165 Collins Avenue in Surfside. The asset has a total square footage of 8,469 and was sold for $40,000,000, equating to a price per square foot of $4,723.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $40,000,000
- Seller: Fort Partners
- Buyer's Representative: Philip Scheinfeld & Nicole Rapps - Compass
Philip Scheinfeld and Nicole Rapps acted as the representatives for the buyer in this sale. This transaction marks a significant deal facilitated by their agency, Compass, highlighting their involvement in the real estate market within the Surfside area.
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
0.40%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93