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9701 Collins Avenue

Compass Represents Buyer In $3.5M Bal Harbour Condo Sale
SOLDCondo

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

Matias Alem

BRG International

Broker

$224.3M

vol

33 deals

Broker

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