Devin Kay Acquires Surfside Condo On 9001 Collins Ave For $13.5M
9001 Collins Ave, Surfside, FL, USA
$13,500,000
$3,439/SF
Building Size
3,925 SF
Asset Type
MultiFamily
Closing
Jan 21, 2021
AI
Located at 9001 Collins Ave in Surfside, this condominium was recently sold in a closed transaction. The property offers a total area of 6,153 square feet. The sale price for this condo was $13,500,000, which was slightly below the initial asking price of $14,500,000. With a price per square foot of $2,194, this transaction represents a significant investment in this desirable area.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $13,500,000
- Address: 9001 Collins Ave, Surfside
- Buyer's Representative: Devin Kay
- Seller's Representatives: Liz Hogan & Karen Krotov
- Square Footage: 6,153
- Price Per Square Foot: $2,194
Leading the deal on the buyer's side was Devin Kay, while Liz Hogan and Karen Krotov represented the seller. This transaction not only signifies significant value in the area but also highlights the expertise and professionalism of the involved parties.
Players
Surfside MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93