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9601 Collins Avenue

Burnstein Mordejay Sells Bal Harbour Condo For $3.85M With Broker Mikhail Mudrik
SOLDCondo

Burnstein Mordejay Sells Bal Harbour Condo For $3.85M With Broker Mikhail Mudrik

9601 Collins Avenue

$3,850,000

$1,584/SF

Building Size

2,430 SF

Asset Type

Condo

Closing

Sep 18, 2023

AI

A condominium unit located at 9601 Collins Avenue in Bal Harbour has been sold for a sale price of $3,850,000. The property, owned by Burnstein Mordejay, was listed by Mikhail Mudrik from The Agency. The asking price for the condo was $4,250,000. With a total square footage of 2,430, the price per square foot comes out to be $1,584.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,850,000
  • Address: 9601 Collins Avenue, Bal Harbour
  • Market: Bal Harbour
  • Seller: Burnstein Mordejay
  • Broker: Mikhail Mudrik - The Agency

Mikhail Mudrik from The Agency represented the seller, providing valuable guidance and assistance throughout the transaction. The deal showcases the expertise of Mikhail Mudrik in the Bal Harbour market and demonstrates his ability to secure favorable terms for his clients.

Players

Mikhail Mudrik

The Agency

Broker

$90.5M

vol

21 deals

Broker

Memphis 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

4.12%

Cash-on-Cash

-1.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93