BRG International & Sergio Balinotti Acquire Bal Harbour Condo For $10.55M
SOLD
$10,550,000
+ 1
Florida
See Similar DealsCondo1,777 SF
Sold 10/24/2023
SOLD
BRG International & Sergio Balinotti Acquire Bal Harbour Condo For $10.55M
9701 Collins Avenue
See Similar DealsCondo1,777 SF
Sold 10/24/2023
+ 1
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$5,937
Total Square Footage:1,777 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$562,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,481.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,012.38
Annual Debt Service$600,148.59
Is there something missing? Send suggestions