Matias Alem Of BRG International Represents Sale Of Bal Harbour Condo For $3.7M
SOLD
$3,700,000
Florida
See Similar DealsCondo2,148 SF
Sold 09/12/2024
SOLD
Matias Alem Of BRG International Represents Sale Of Bal Harbour Condo For $3.7M
10201 Collins Avenue
See Similar DealsCondo2,148 SF
Sold 09/12/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,722
Total Square Footage:2,148 SF
Transaction Type:Sale
A condo located at 10201 Collins Avenue Unit 201 was sold in the Bal Harbour market. The sale price for the property was $3,700,000, and it encompassed a total square footage of 2,148, resulting in a price per square foot of $1,722.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,700,000
- Square Footage: 2,148
- Price per Square Foot: $1,722
- Broker: Matias Alem - BRG International
- Date of Transaction: 09/12/2024
The transaction was facilitated by Matias Alem, representing the seller as the broker from BRG International. This highlights the involvement of a dedicated real estate professional in the closing of this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$197,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,145.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,539.89
Annual Debt Service$210,478.65
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