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9001 Collins Ave, Surfside,...

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

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

Liz Hogan

Compass

Broker

$537.9M

vol

35 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage

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