Arte Surfside Sells Lower Penthouse For $22.5M In Historic Cryptocurrency Real Estate Transaction
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This property located in FL was sold for $22,500,000 almost 3 years ago. The brokers of the deal were Tara West, Ryan Farbstein, and Max Farbstein
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- Location8955 Collins Avenue, Surfside, FL 33154, USA
- Sale Price$22,500,000$2,745 PPSF
- Area8,194 SF
- Parties3 Brokers, 2 Agencies
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Deal Summary
SALE USING **CRYPTOCURRENCY***
IMAGE: Max Farbstein, Giovanni Fasciano, Tara West, Alex Sapir & Ryan Farbstein
ADDRESS: 8955 Collins Ave () @ArteSurfside
MARKET: Surfside
ASSET TYPE: Condo
BUYER'S REP: Ryan Farbstein (@RyanFarb) & Max Farbstein (@Max_Farb) - @TheFarbsteinTeam - @Douglaselliman @DouglasEllimanFlorida
SELLER'S REP: @TaraWest @Douglaselliman @DouglasEllimanFlorida
DEVELOPER: Alex Sapir @TheSapirOrganization & @GiovanniFasciano @ArteSurfside
SALE PRICE: $22,500,000
SF: 5,067 ~ PPSF: $4,440.50
NOTE FROM @ArteSurfside: Alex Sapir and Giovanni Fasciano make history and sell the Lower Penthouse at Arte for $22.5 million to a purchaser using cryptocurrency. This deal represents the viability of the decentralized payment system of Cryptocurrency in the real estate market in the U.S. and Alex and Giovanni are making history by pioneering this new frontier, and expect that other new developments will soon follow in their footsteps.
- The transaction has made history and broken several records as the most expensive penthouse price per square foot sold in Surfside and the second highest in Miami Beach since 2017.
- It also breaks local Miami Beach records at $4,400.05 per square foot, which is the highest price per foot sale for condos in 2021. This is the first cryptocurrency real estate transaction for Miami’s new development buildings.
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8955 Collins Avenue (#PHB) @ArteSurfside
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