BRG International Acquires Condo In Bal Harbour For $3.8M
SOLD
$3,800,000
Florida
See Similar DealsCondo1,777 SF
Sold 06/30/2023
SOLD
BRG International Acquires Condo In Bal Harbour For $3.8M
9705 Collins Ave Unit 2505N, Bal Harbour, FL 33154
See Similar DealsCondo1,777 SF
Sold 06/30/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,138
Total Square Footage:1,777 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
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