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9521 East Bay Harbor Drive

Joseph Levi Acquires Bay Harbor Islands Condo For $1.7M
SOLDCondo

Joseph Levi Acquires Bay Harbor Islands Condo For $1.7M

9521 East Bay Harbor Drive

$1,700,000

$961/SF

Building Size

1,768 SF

Asset Type

Condo

Closing

Sep 18, 2023

AI

A condo located at 9521 East Bay Harbor Drive in Bay Harbor Islands has been sold for a price of $1,700,000. The property spans across 1,768 square feet, resulting in a price per square foot of $962. This transaction was facilitated by Mark Pordes and Adam Kaufman of Adamark, who served as the seller's representatives. The sale was completed within a remarkably short period of less than three weeks.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,700,000
  • Square Footage: 1,768
  • Price per Square Foot: $962
  • Address: 9521 East Bay Harbor Drive
  • Market: Bay Harbor Islands

The buyer of this property is Joseph Levi, and Mark Pordes and Adam Kaufman acted as the seller's representatives in the deal. Through their expertise and efforts, they successfully facilitated the sale of this Bay Harbor Islands condo in a remarkably short period of time.

Players

Mark Pordes

Broker

$22.3M

vol

2 deals

Broker

Market Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93