Isaac Lustgarten & Oren Alexander Acquire Miami Beach Condo For $3.02M
9703 Collins Avenue
$3,018,000
$1,421/SF
Building Size
2,123 SF
Asset Type
Condo
Closing
May 21, 2020
AI
A condominium located at 9703 Collins Ave in Miami Beach has been sold for a price of $3,018,000. The property spans 2,103 square feet and has a price per square foot of $1,435. This transaction took place on May 21, 2021. The property was listed for sale with an asking price of $3,300,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,018,000
- Address: 9703 Collins Ave, Miami Beach
- Square Footage: 2,103
- Price Per Square Foot: $1,435
- Date: May 21, 2021
The buyer's representatives in this deal were Isaac Lustgarten and Oren Alexander from the Alexander Team at Douglas Elliman. On the other side, Ben Lipkin served as the seller's representative.
Players
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
5.26%
Cash-on-Cash
-1.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93