Miami Global Realty, 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
Nov 22, 2023
About this deal
AI
The property involved in this transaction is a condo located at 9705 Collins Avenue Unit 1904N in Bal Harbour. The condo has a total square footage of 1,685. The sale price for this property was $4,300,000, resulting in a price per square foot of $2,552.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,300,000
- Buyer's Representative: Marine Rollins - Miami Global Realty, Inc
- Seller's Representative: Juan Carlos de Campos - Miami New Realty
- SF: 1,685
- PPSF: $2,552
- Seller:
Marine Rollins from Miami Global Realty, Inc represented the buyer in this transaction, while Juan Carlos de Campos from Miami New Realty represented the seller. Both parties played crucial roles in ensuring the successful completion of this deal.
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