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
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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