The Agency Represents Buyer In $10.2M Surfside Condo Sale
SOLD
Florida
See Similar DealsCondo3,337 SF
Sold 07/26/2023
SOLD
The Agency Represents Buyer In $10.2M Surfside Condo Sale
9349 Collins Ave Apt 705 Surfside, FL 33154, USA
See Similar DealsCondo3,337 SF
Sold 07/26/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,056
Total Square Footage:3,337 SF
Transaction Type:Sale
A waterfront condo located at 9349 Collins Avenue in Surfside has been sold for a price of $10,200,000. The property features a spacious area of 3,337 square feet, with a price per square foot of $3,057.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $10,200,000
- Square Footage: 3,337
- Price per Square Foot: $3,057
Daniel Tzinker from The Agency represented the buyer in this transaction, while Mariana Niro from Serhant acted as the seller's representative. These real estate professionals played a crucial role in facilitating the successful sale of the condo.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$544,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$36,238.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$48,353.20
Annual Debt Service$580,238.45
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