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
About this deal
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.
On the Map
$3,000,000
$1,875/SF
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Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $3M for 1,600 square feet (2020).
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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