BRG International & Sergio Balinotti Acquire Bal Harbour Condo For $10.55M
9701 Collins Avenue
$10,550,000
$5,937/SF
Building Size
1,777 SF
Asset Type
Condo
Closing
Oct 24, 2023
About this deal
AI
The property asset involved in this transaction is a condominium located at 9701 Collins Avenue in Bal Harbour. The condo spans 3,884 square feet and was sold for a total of $10,550,000. The price per square foot comes out to be $2,716.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $10,550,000
- Address: 9701 Collins Avenue, Bal Harbour
- Market: Bal Harbour
The buyer's representation in this deal was handled by Matias Alem and Sergio Balinotti from BRG International. On the other side, Jose Sasson Lerner and Eli Sasson Bril from AXIOM Capital Advisors acted as the seller's representatives. It's worth mentioning that the transaction took place on October 24, 2023.
On the Map
$10,550,000
$5,937/SF
Condo
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Players
Bal Harbour Condo Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.50%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93