Parth Patel Acquires Condo In Bal Harbour, FL From Robert & Mindy Goodman
9701 Collins Avenue, Bal Harbour, FL 33154, USA
$3,000,000
$1,875/SF
Building Size
1,600 SF
Asset Type
—
Closing
Jul 30, 2020
AI
A condo located at 9701 Collins Avenue in Bal Harbour, FL has been sold in a recent transaction. The property, with a size of 1,599 square feet, was sold for a sale price of $3,000,000. The condo was listed with an asking price of $3,150,000, resulting in a price per square foot of $1,876.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,000,000
- Date: 07/30/2021
- Market: Bal Harbour, FL
The buyer of the condo is Parth Patel, while the sellers are Robert & Mindy Goodman. The transaction was facilitated by Marine Rollins from an undisclosed brokerage agency. Marine Rollins represented the parties involved in the deal.
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93