Compass Florida Acquires Bal Harbour Condo At 9701 Collins Ave For $8.4M
9701 Collins Ave, Unit 2302S,Bal Harbour
$8,400,000
$2,681/SF
Building Size
3,133 SF
Asset Type
Condo
Closing
Apr 14, 2022
AI
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.
Bal Harbour 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
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93