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Devin Kay Acquires Surfside Condo On 9001 Collins Ave For $13.5M

Property Image
SOLD
$13,500,000
Karen Krotov
Liz Hogan
+ 1

Florida

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MultiFamily3,925 SF
Sold 01/22/2021
the dealplayerscompscontact
Property Image
SOLD

Devin Kay Acquires Surfside Condo On 9001 Collins Ave For $13.5M

9001 Collins Ave, Surfside, FL, USA

See Similar Deals
MultiFamily3,925 SF
Sold 01/22/2021
Karen Krotov
Liz Hogan
+ 1
Contact now

Summary

FLORIDA
Asset Type:MultiFamily
Price Per Square Foot:$3,439
Total Square Footage:3,925 SF
Transaction Type:Sale

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

Liz Hogan
33 deals$522M volume(305) 804-9700
BROKER

Karen Krotov
Compass
3 deals$32.2M volume
BROKER

Elizabeth Rodriguez
The Keyes Company
6 deals$37.5M volume
BROKER

Ximena Penuela
13 deals$279.1M volume(786) 252-2005
BROKER

Douglas Elliman
BROKERAGE

Details

SOLD
IMAGE: Karen Krotov, Liz Hogan, & Devin Kay DATE: 01/22/2021 ADDRESS: 9001 Collins AveĀ  MARKET: Surfside ASSET TYPE: Condo BUYER'S REP: Devin Kay (@Devin__Kay) SELLER'S REP: Liz Hogan (@ListingMiami) & Karen Krotov (@KarenKrotov_Compass) ASKING PRICE: $14,500,000 SALE PRICE: $13,500,000 SF: 6,153 ~ PPSF: $2,194

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
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