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9701 Collins Avenue, Bal Ha...

Parth Patel Acquires Condo In Bal Harbour, FL From Robert & Mindy Goodman
SOLD

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

Sergio Balinotti

BRG International

Broker

$134.7M

vol

20 deals

Broker

Parth Patel

Buyer

$3M

vol

2 deals

Buyer

Bal Harbour CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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