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9701 Collins Ave 1902 S Mia...

BRG International Acquires Condo In Bal Harbour For $7.7M
SOLDCondo

BRG International Acquires Condo In Bal Harbour For $7.7M

9701 Collins Ave 1902 S Miami Beach, FL 33154, USA

$7,700,000

$2,461/SF

Building Size

3,128 SF

Asset Type

Condo

Closing

May 22, 2023

AI

Located at 9701 Collins Avenue in Bal Harbour, this condo was recently sold for $7,700,000. The property spans 3,128 square feet, resulting in a price per square foot of $2,462. The transaction took place on May 22, 2023.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,700,000
  • Square Footage: 3,128
  • Price per Square Foot: $2,462
  • Address: 9701 Collins Avenue
  • Market: Bal Harbour

The buyer's representative in this deal was Sergio Balinotti from BRG International, while Dina Goldentayer from Douglas Elliman represented the seller. Both brokers played a crucial role in facilitating the transaction.

Players

Dina Goldentayer

Douglas Elliman

Broker

$1.6B

vol

92 deals

Broker

Miami 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

2.06%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93