Marie Katri Nahmad Sells Bal Harbour Resi Condo To 1701 BM For $15.5M
9701 Collins Ave, Bal Harbour, FL, USA
$15,500,000
$1,169/SF
Building Size
13,250 SF
Asset Type
—
Closing
Feb 2, 2021
About this deal
AI
A residential condo located at 9701 Collins Ave, Bal Harbour, was recently sold in an off-market deal. The transaction took place on February 3, 2021.
Summary of transaction details:
- Property Type: Residential Condo
- Sale Price: $15,500,000
- Square Footage: 13,250
- Price Per Square Foot: $1,170
- Address: 9701 Collins Ave, Bal Harbour
The buyer of the property was 1701 BM, while Marie Katri Nahmad acted as the seller. The deal was facilitated by brokers Matias Alem from Matias Alem & Sergio Balinotti from Brgintl.
This transaction showcases a significant sale in the residential condo market, highlighting the demand for properties in Bal Harbour. The involvement of esteemed brokers like Matias Alem and Sergio Balinotti adds credibility and expertise to the deal.
Note: This information was obtained from an Off-Market source, indicating that the property was not publicly listed for sale.
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $15.5M for 13,250 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93