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Miami Residence Inc Acquires Bal Harbour Condo For $4.3M

Property Image
SOLD
$4,300,000
Sergio Balinotti
Matias Alem
Angela Matusian

Florida

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Condo1,685 SF
Sold 09/20/2023
the dealplayerscompscontact
Property Image
SOLD

Miami Residence Inc Acquires Bal Harbour Condo For $4.3M

9705 Collins Avenue

See Similar Deals
Condo1,685 SF
Sold 09/20/2023
Sergio Balinotti
Matias Alem
Angela Matusian
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,551
Total Square Footage:1,685 SF
Transaction Type:Sale

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
Matias Alem
33 deals$224.3M volume
BROKER
Sergio Balinotti
BRG International
Sergio Balinotti
20 deals$134.7M volume
BROKER
Angela Matusian
Angela Matusian
1 deal$4.3M volume(786) 223-7477
BROKER

Details

SOLD
IMAGE: Sergio Balinotti, Matias Alem & Angela Matusian DATE: 09/20/2023 ADDRESS: 9705 Collins Avenue MARKET: Bal Harbour ASSET TYPE: Condo BUYER'S REP: Angela Matusian (@AngelaMatusian) - Miami Residence Inc (@Miami_residence) SELLER'S REP: Matias Alem (@Matiasalembrg) & Sergio Balinotti - BRG International (@Brgintl) SALE PRICE: $4,300,000 SF: 1,911 ~ PPSF: $2,250

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Deal Type
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
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