MRI Realty Group Acquires Bal Harbour Condo For $4.1M
SOLD
$4,100,000
Florida
See Similar DealsCondo2,123 SF
Sold 03/31/2023
SOLD
MRI Realty Group Acquires Bal Harbour Condo For $4.1M
9703 Collins Avenue
See Similar DealsCondo2,123 SF
Sold 03/31/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,931
Total Square Footage:2,123 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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