Fort Partners Sells Three Oceanfront Condo Units At Seaway At The Surf Club For $121.22M
9165 Collins Avenue
$121,220,000
$4,831/SF
Building Size
25,088 SF
Asset Type
Condo
Closing
Apr 24, 2026
About this deal
AI
The transaction involved a condo located at 9165 Collins Avenue in Surfside, which sold for $121,220,000. The property spans 25,088 square feet, resulting in a price per square foot of $4,832. The asset is part of the Seaway at the Surf Club North, a boutique, 10-unit oceanfront condominium project that includes large residences with Four Seasons services.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $121,220,000
- Square Footage: 25,088
- Price per Square Foot: $4,832
- Address: 9165 Collins Avenue
- Market: Surfside
- Seller: Nadim Ashi - Fort Partners
Fort Partners completed the sale of three ultra-luxury units at the property, with individual deals ranging from $37 million to $44.22 million. The development was financed with a $107.6 million construction loan, connecting it to the upscale market segment.
On the Map
$121,220,000
$4,831/SF
Condo
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Surfside Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93