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
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