BRG International And Douglas Elliman Brokers Facilitate $4.3M Condo Sale In Bal Harbour
SOLD
$4,300,000
+ 1
Florida
See Similar DealsCondo2,123 SF
Sold 12/06/2023
SOLD
BRG International And Douglas Elliman Brokers Facilitate $4.3M Condo Sale In Bal Harbour
9703 Collins Avenue
See Similar DealsCondo2,123 SF
Sold 12/06/2023
+ 1
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,025
Total Square Footage:2,123 SF
Transaction Type:Sale
A condo located at 9703 Collins Avenue in Bal Harbour has been sold in a recent transaction. The property spans 2,123 square feet and was sold for a price of $4,300,000, resulting in a price per square foot of $2,025.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,300,000
- Address: 9703 Collins Avenue, Bal Harbour
- Square Footage: 2,123
- Price per Square Foot: $2,025
Matias Alem and Sergio Balinotti from BRG International represented the buyer in this transaction, while Dustin Nero and Darin Tansey from Douglas Elliman represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
Annual Debt Service$244,610.33
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