Steve Martinez Acquires Multifamily Property In Surfside For $11.6M
9001 Collins Ave, Surfside, FL, USA
$11,600,000
$2,955/SF
Building Size
3,925 SF
Asset Type
MultiFamily
Closing
Feb 12, 2021
AI
Located at 9001 Collins Ave in Surfside, this multifamily property was recently sold in a transaction that closed in just 2 days. The property spans 3,925 square feet and was sold for a sale price of $11,600,000, which translates to a price per square foot of $2,955. The transaction took place on February 12, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,600,000
- Address: 9001 Collins Ave, Surfside
The buyer of this property is Steve Martinez, while the seller is Mary Anne Shula. Elizabeth Rodriguez represented the buyer as their broker, and Ximena Peñuela represented the seller. Unfortunately, no additional information is available about the buyer or seller's respective agencies. The deal was closed in a swift two-day timeline, indicating a strong motivation from both 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
1.37%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93