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
About this deal
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.
On the Map
$9,000,000
$2,530/SF
Condo
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Players
Bal Harbour Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $9M for 3,556 square feet (2022).
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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