Oren Alexander Acquires Condo In Bal Harbour For $6M
9705 Collins Ave, Bal Harbour, FL, USA
$6,000,000
$1,744/SF
Building Size
3,439 SF
Asset Type
—
Closing
Mar 2, 2020
About this deal
AI
The property involved in this closed transaction is a condo located at 9705 Collins Ave in Bal Harbour. The sale took place on 03/03/2020 with a transaction amount of $6,000,000. The condo has a total square footage of 3,439, resulting in a price per square foot of $1,744.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,000,000
- Square Footage: 3,439
- Price per Square Foot: $1,744
- Address: 9705 Collins Ave, Bal Harbour
Oren Alexander from Douglas Elliman and Alexander Team served as the broker for this transaction.
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $6M for 3,439 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93