SOLDCondo
Jon Kotler & Mendel Fellig Facilitate $7.5M Condo Sale In Bal Harbour
9701 Collins Ave #2302 N Bal Harbour, FL 33154, USA
$7,500,000
$2,139/SF
Building Size
3,505 SF
Asset Type
Condo
Closing
Aug 27, 2023
AI
A luxury condominium at 9701 Collins Avenue in Bal Harbour has been sold for $7,500,000. The property spans 3,505 square feet, resulting in a price per square foot of $2,140.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,500,000
- Square Footage: 3,505
- Price Per Square Foot: $2,140
- Address: 9701 Collins Avenue, Bal Harbour
The buyer's representative in this deal was Jon Kotler from Keller Williams, while the seller's representative was Mendel Fellig from Compass.
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
2.12%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93