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
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