Leonor Ortiz Of Compass Represents Buyer In Sale Of Condo At 9703 Collins Ave For $7.5M
SOLD
Florida
See Similar DealsCondo2,780 SF
Sold 05/27/2025
SOLD
Leonor Ortiz Of Compass Represents Buyer In Sale Of Condo At 9703 Collins Ave For $7.5M
9703 Collins Avenue
See Similar DealsCondo2,780 SF
Sold 05/27/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,697
Total Square Footage:2,780 SF
Transaction Type:Sale
A condo located at 9703 Collins Ave, Bal Harbour, FL was involved in a recent sale. The transaction amounted to $7,500,000, covering an area of 2,720 square feet, which breaks down to a price per square foot of $2,757.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,500,000
- Sale Date: 5/27/2025
- Square Feet: 2,720
- Price Per Square Foot: $2,757
- Address: 9703 Collins Ave Bal Harbour, FL
The buyer was represented by Leonor Ortiz from Compass, while Joelle Oiknine from Sotheby's International Realty represented the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$400,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92
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