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9705 Collins Avenue

Miami Residence Inc Acquires Bal Harbour Condo For $4.3M
SOLDCondo

Miami Residence Inc Acquires Bal Harbour Condo For $4.3M

9705 Collins Avenue

$4,300,000

$2,551/SF

Building Size

1,685 SF

Asset Type

Condo

Closing

Sep 20, 2023

AI

A condo located at 9705 Collins Avenue in Bal Harbour was recently sold for a price of $4,300,000. The property spans 1,911 square feet and was sold at a price per square foot of $2,250.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $4,300,000
  • Address: 9705 Collins Avenue, Bal Harbour
  • Size: 1,911 square feet
  • Price per Square Foot: $2,250

The buyer's representative in this deal was Angela Matusian from Miami Residence Inc. On the other hand, the seller's representatives were Matias Alem and Sergio Balinotti from BRG International.

Players

Matias Alem

BRG International

Broker

$224.3M

vol

33 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

3.69%

Cash-on-Cash

-1.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93