Jeremy Philips Acquires Surfside Condo At 9111 Collins Avenue For $15M With Brokers Jill Hertzberg And Roberto Quiroz
SOLD
$15,000,000
Florida
See Similar DealsCondo3,370 SF
Sold
SOLD
Jeremy Philips Acquires Surfside Condo At 9111 Collins Avenue For $15M With Brokers Jill Hertzberg And Roberto Quiroz
9111 Collins Avenue
See Similar DealsCondo3,370 SF
Sold
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$4451
Total Square Footage:3370 SF
Transaction Type:Sale
The asset involved in the transaction is a condo located at 9111 Collins Avenue Unit N515 in Surfside. It was sold for $15,000,000, covering a total area of 3,370 square feet, resulting in a price per square foot of $4,451.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $15,000,000
- Address: 9111 Collins Avenue Unit N515
- Market: Surfside
- Square Footage: 3,370
- Price Per Square Foot: $4,451
- Buyer: Jeremy Philips
- Seller: Raymond Humiston
- Buyer's Representative: Roberto Quiroz - Sotheby's International Realty
- Seller's Representative: Jill Hertzberg - Coldwell Banker
Roberto Quiroz represented the buyer, Jeremy Philips, while Jill Hertzberg represented the seller, Raymond Humiston, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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