Compass Represents Buyer In $3.5M Bal Harbour Condo Sale
9701 Collins Avenue
$3,500,000
$1,969/SF
Building Size
1,777 SF
Asset Type
Condo
Closing
Feb 29, 2024
AI
The property involved in the transaction is a condo located at 9701 Collins Avenue, S in Bal Harbour. The condo spans 1,777 square feet and was sold for $3,500,000, equating to a price per square foot of $1,970.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,500,000
- Address: 9701 Collins Avenue, S
- Market: Bal Harbour
Allen Davoudpour from Compass served as the buyer's representative, while Matias Alem and Sergio Balinotti from BRG International represented the sellers in the deal.
Players
Bal Harbour 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93