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

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SOLD
$3,850,000

Florida

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Condo2,430 SF
Sold 09/18/2023
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Property Image
SOLD

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

9601 Collins Avenue

See Similar Deals
Condo2,430 SF
Sold 09/18/2023
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,584
Total Square Footage:2,430 SF
Transaction Type:Sale

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
21 deals$90.5M volume
BROKER

Details

SOLD
IMAGE: Mikhail Mudrik DATE: 09/18/2023 ADDRESS: 9601 Collins Avenue MARKET: Bal Harbour ASSET TYPE: Condo SELLER: Burnstein Mordejay BROKER: Mikhail Mudrik (@Mr.Mudrik) - The Agency (@theagencyre) ASKING PRICE: $4,250,000 SALE PRICE: $3,850,000 SF: 2,430 ~ PPSF: $1 584

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
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