One Sotheby's International Realty Represents Buyer In $5.5M Bal Harbour Condo Sale
SOLD
$5,500,000
Florida
See Similar Deals2,840 SF
Sold 05/15/2022
SOLD
One Sotheby's International Realty Represents Buyer In $5.5M Bal Harbour Condo Sale
9705 Collins Avenue, Miami Beach, Florida 33154, United States
See Similar Deals2,840 SF
Sold 05/15/2022
Summary
FLORIDA
Price Per Square Foot:$1,936
Total Square Footage:2,840 SF
Transaction Type:Sale
Located at 9705 Collins Avenue Bal Harbour in Bal Harbour, this property is a luxury condo with a total area of 2,840 square feet. The sale took place on 05/15/2022, with a sale price of $5,500,000. The price per square foot is $1,937, reflecting the exclusivity and prestige of this asset.
Summary of Transation Details
- Property Type: Condo
- Transaction Amount: $5,500,000
- Square Footage: 2,840
- Price per Square Foot: $1,937
- Address: 9705 Collins Avenue Bal Harbour, Bal Harbour
Representing the buyer in this deal is Joelle Oiknine from One Sotheby's International Realty. On the seller's side, Roberto Malca from Cervera Real Estate facilitated the transaction. To inquire further about this property, you can contact Roberto Malca at 786-303-8841 or via email at [email protected]. As a luxury specialist, Roberto's expertise and knowledge contributed to the successful completion of this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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