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9349 Collins Avenue

Matias Alem, Christina Alem, And Steven Pesso Acquire Surfside Condo For $9.3M
SOLDCondo

Matias Alem, Christina Alem, And Steven Pesso Acquire Surfside Condo For $9.3M

9349 Collins Avenue

$9,300,000

$2,266/SF

Building Size

4,103 SF

Asset Type

Condo

Closing

Nov 17, 2021

AI

An apartment located at 9349 Collins Ave Apt 901 in Surfside has recently been sold. The property is a condo with a total square footage of 4,103. It was listed for sale with an asking price of $9,880,000. The sale was closed on 11/17/2021, with a final sale price of $9,300,000. The price per square foot of the property was calculated to be $2,267. The total square footage of the property is 5,510.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $9,300,000
  • Asking Price: $9,880,000
  • Sale Date: 11/17/2021
  • Address: 9349 Collins Ave Apt 901
  • Market: Surfside
  • Total Square Footage: 5,510
  • Price per Square Foot: $2,267

The sale of the property was facilitated by the brokers involved in the deal. Matias Alem and Christina Alem from BRG International, along with Steven Pesso from United Realty Group Inc, represented the parties in this transaction.

Players

Christina West Alem

BRG International

Broker

$71.5M

vol

14 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

1.71%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93