Matias Alem & Sergio Balinotti Sell Bal Harbour Condo For $6.5M
9701 Collins Avenue
$6,500,000
$3,657/SF
Building Size
1,777 SF
Asset Type
Condo
Closing
Jul 16, 2021
About this deal
AI
Located at 9701 Collins Avenue in Bal Harbour, this property is a condo with a total area of 3,128 square feet. The asset was sold on 07/16/2021.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $6,500,000
The property was listed with an asking price of $6,690,000. The sale price achieved was $6,500,000, resulting in a price per square foot of $2,078.
The deal was facilitated by the brokers Matias Alem and Sergio Balinotti. They represented the buyer and seller on this transaction.
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