Compass Florida Acquires Bal Harbour Condo At 9701 Collins Ave For $8.4M
SOLD
$8,400,000
Florida
See Similar DealsCondo3,133 SF
Sold 04/14/2022
SOLD
Compass Florida Acquires Bal Harbour Condo At 9701 Collins Ave For $8.4M
9701 Collins Ave, Unit 2302S,Bal Harbour
See Similar DealsCondo3,133 SF
Sold 04/14/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,681
Total Square Footage:3,133 SF
Transaction Type:Sale
A luxury condo located at 9701 Collins Ave, Unit 2302S in Bal Harbour has been sold for a price of $8,400,000. The condo spans across 3,133 square feet, resulting in a price per square foot of $2,681. The sale was completed on 04/14/2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $8,400,000
- Address: 9701 Collins Ave, Unit 2302S
- Market: Bal Harbour
The buyer's representative in this transaction was Mendel Fellig from Compass Florida, while the seller was represented by Isaac Lustgarten from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$448,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,843.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,820.29
Annual Debt Service$477,843.43
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