Mendel Fellig Acquires St. Regis Bal Harbour Condo For $9M
9701 Collins Avenue, Bal Harbour, Florida 33154, United States
$9,000,000
$2,530/SF
Building Size
3,556 SF
Asset Type
Condo
Closing
Apr 5, 2022
AI
A luxury condo located at 9701 Collins Ave 2303S in St. Regis Bal Harbour, Miami Beach has been sold for $9,000,000. The property spans 3,556 square feet, resulting in a price per square foot of $2,531. This transaction took place on April 5, 2022.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,000,000
- Square Footage: 3,556
- Price per Square Foot: $2,531
- Address: 9701 Collins Ave 2303S, Miami Beach
- Market: St. Regis Bal Harbour
The buyer was represented by Mendel Fellig from Compass, while the seller was represented by Daniel Silverstein and Steven Landau from Silmar Realty.
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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93