ABH Developer Group Sells AIRE Residences Condo In Bay Harbor Islands For $6.5M
9700 West Bay Harbor Drive
$6,500,000
$1,857/SF
Building Size
3,500 SF
Asset Type
Condo
Closing
Apr 30, 2025
AI
The property asset involved in this transaction is a condo located at AIRE Residences, 9700 West Bay Harbor Drive in Bay Harbor Islands. The sale was finalized for $6,500,000, representing a price per square foot of $1,857 for a total living space of 3,500 square feet, complemented by a 750 square foot terrace.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: AIRE Residences - 9700 West Bay Harbor Drive
- Market: Bay Harbor Islands
- Square Footage: 3,500 SF
- Price Per Square Foot: $1,857
- Seller: ABH Developer Group
- Broker: Ariel Teodoro Hollender - Compass
Ariel Teodoro Hollender represents the seller, ABH Developer Group, in this transaction. The Lower Penthouse was sold as part of a one-of-a-kind collection of eight waterfront residences that aim to redefine luxe living in Bay Harbor Islands. For inquiries about the remaining developer units at AIRE Residences, interested parties can contact Ariel Hollender.
Players
Bay Harbor Islands 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93