BRG International Acquires Condo In Bal Harbour For $7.7M
SOLD
$7,700,000
Florida
See Similar DealsCondo3,128 SF
Sold 05/22/2023
SOLD
BRG International Acquires Condo In Bal Harbour For $7.7M
9701 Collins Ave 1902 S Miami Beach, FL 33154, USA
See Similar DealsCondo3,128 SF
Sold 05/22/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,461
Total Square Footage:3,128 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$410,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,356.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,501.93
Annual Debt Service$438,023.14
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