Matias Alem & Sergio Balinotti Sell Bal Harbour Condo For $6.5M
9701 Collins Avenue, Bal Harbour, FL, USA
$6,500,000
$2,078/SF
Building Size
3,128 SF
Asset Type
Condo
Closing
Jul 16, 2021
About this deal
AI
A luxury condo in Bal Harbour, located at 9701 Collins Avenue, has recently been sold. The property, spanning 3,128 square feet, boasts a stunning oceanfront view. The transaction took place on July 16, 2021.
Summary of transaction details
- Property Type: Condo
- Asking Price: $6,690,000
- Sale Price: $6,500,000
- Price per Square Foot: $2,078
- Brokers: Matias Alem & Sergio Balinotti
The condo, sold for a final price of $6,500,000, was listed on the market with an asking price of $6,690,000. It offers a generous living space of 3,128 square feet, amounting to a price per square foot of $2,078. The transaction was facilitated by brokers Matias Alem and Sergio Balinotti.
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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93