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9701 Collins Avenue

BRG International & Sergio Balinotti Acquire Bal Harbour Condo For $10.55M
SOLDCondo

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

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.

Players

Jose Sasson Lerner

AXIOM Capital Advisors

Broker

$878.8M

vol

78 deals

Broker

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

1.50%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93