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9317 Collins Avenue

Multiplan REAM Sells Oceanfront Condo At Ocean House Surfside For $17 Million With Sharon Beck & Mauricio Umansky
SOLDCondo

Multiplan REAM Sells Oceanfront Condo At Ocean House Surfside For $17 Million With Sharon Beck & Mauricio Umansky

9317 Collins Avenue & 9317 Collins Avenue

$17,000,000

$2,033/SF

Building Size

8,360 SF

Asset Type

Condo

Closing

Mar 14, 2025

AI

The condo at 9317 Collins Avenue Unit 401 in Surfside, Florida, has been sold for $17,000,000. This property measures 4,180 square feet, resulting in a price per square foot of $4,066. The sale marks the highest transaction to date in Ocean House Residences, which is currently in pre-construction sales.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,000,000
  • Address: 9317 Collins Avenue Unit 401
  • Market: Surfside
  • Square Footage: 4,180
  • Price per Square Foot: $4,066
  • Seller: Multiplan REAM
  • Broker: Sharon Beck & Mauricio Umansky - The Agency

The transaction was facilitated by broker Sharon Beck, who played a crucial role in negotiating the deal for her client after months of discussions. Alongside her extensive experience as a 30+ year resident of Miami Beach, she utilizes her broad network and knowledge of the industry to effectively negotiate transactions. Potential clients can reach out to Sharon to explore similar opportunities.

Players

Mauricio Umansky

The Agency

Broker

$301.4M

vol

17 deals

Broker

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

0.93%

Cash-on-Cash

-0.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93