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
About this deal
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.
On the Map
$3,500,000
$1,969/SF
Condo
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Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93