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9705 Collins Ave Unit 2505N...

BRG International Acquires Condo In Bal Harbour For $3.8M
SOLDCondo

BRG International Acquires Condo In Bal Harbour For $3.8M

9705 Collins Ave Unit 2505N, Bal Harbour, FL 33154

$3,800,000

$2,138/SF

Building Size

1,777 SF

Asset Type

Condo

Closing

Jun 30, 2023

AI

The recently sold property at 9705 Collins Avenue in Bal Harbour is a luxurious condo. The property was sold on June 30, 2023, for a price of $3,800,000. It features a total area of 1,777 square feet, resulting in a price per square foot of $2,138.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,800,000
  • Address: 9705 Collins Avenue, Bal Harbour
  • Square Footage: 1,777 sq ft
  • Price per Square Foot: $2,138

The broker handling the sale of this condo was Sergio Balinotti from BRG International. Sergio Balinotti served as the representative of the buyer or seller in this transaction, ensuring a smooth and successful deal.

Players

Sergio Balinotti

BRG International

Broker

$134.7M

vol

20 deals

Broker

Miami 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93