MRI Realty Group Acquires Bal Harbour Condo For $4.1M
9703 Collins Avenue
$4,100,000
$1,931/SF
Building Size
2,123 SF
Asset Type
Condo
Closing
Mar 31, 2023
AI
A penthouse unit located at 9703 Collins Avenue Unit PH 07 in Bal Harbour has been sold in a recent transaction. The condo spans approximately 2,123 square feet and sold for a price of $4,100,000, resulting in a price per square foot of $1,931.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,100,000
- Address: 9703 Collins Avenue Unit PH 07
- Market: Bal Harbour
The buyer was represented by Juliia Soto of MRI Realty Group, while the seller was represented by Claudia Whitechurch & Laura Curson of Coldwell Banker.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93