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9703 Collins Avenue

Dan Avital Represents Buyer In Sale Of Condo At 9703 Collins Avenue For $2.45M
SOLDCondo

Dan Avital Represents Buyer In Sale Of Condo At 9703 Collins Avenue For $2.45M

9703 Collins Avenue

$2,450,000

$1,946/SF

Building Size

1,259 SF

Asset Type

Condo

Closing

Apr 17, 2025

AI

A condo located at 9703 Collins Avenue Unit 505 in Bal Harbour has been sold for $2,450,000. The unit encompasses a total of 1,259 square feet, resulting in a price per square foot of $1,945. This particular residence is privately managed by Stay Rente Management and is not part of the hotel program.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $2,450,000
  • Square Footage: 1,259
  • Price Per Square Foot: $1,945
  • Address: 9703 Collins Avenue Unit 505
  • Market: Bal Harbour
  • Buyer's Representative: Dan Avital
  • Seller's Representative: Allen Davoudpour - Compass

Dan Avital represented the buyer in this transaction while Allen Davoudpour, part of the Davoudpour Team, represented the seller. The team specializes in high-end properties across South Florida, catering to both new buyers and investors.

Players

Allen Davoudpour

Compass

Broker

$22M

vol

7 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

6.47%

Cash-on-Cash

-1.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93