BRG International Represents Both Buyer And Seller In $2.8M Bal Harbour Condo Sale
SOLD
$2,800,000
Florida
See Similar Deals2,160 SF
Sold 08/09/2022
SOLD
BRG International Represents Both Buyer And Seller In $2.8M Bal Harbour Condo Sale
9601 Collins Avenue, Bal Harbour, Florida 33154, United States
See Similar Deals2,160 SF
Sold 08/09/2022
Summary
FLORIDA
Price Per Square Foot:$1,296
Total Square Footage:2,160 SF
Transaction Type:Sale
A condo located at 9601 Collins Ave in Bal Harbour was recently sold for a price of $2,800,000. The property spans approximately 2,160 square feet, resulting in a price per square foot of $2,160. The transaction took place on 08/09/2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $2,800,000
- Address: 9601 Collins Ave, Bal Harbour
- Buyer's Representative: Matias Alem - BRG International
- Seller's Representative: Sergio Balinotti - BRG International
Matias Alem from BRG International represented the buyer in this deal, while Sergio Balinotti, also from BRG International, represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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