Mendel Fellig Acquires St. Regis Bal Harbour Condo For $9M
SOLD
Florida
See Similar DealsCondo3,556 SF
Sold 04/05/2022
SOLD
Mendel Fellig Acquires St. Regis Bal Harbour Condo For $9M
9701 Collins Avenue, Bal Harbour, Florida 33154, United States
See Similar DealsCondo3,556 SF
Sold 04/05/2022
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,530
Total Square Footage:3,556 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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