Miami Global Realty, Inc Acquires Bal Harbour Condo For $4.3M
SOLD
$4,300,000
Florida
See Similar DealsCondo1,685 SF
Sold 11/22/2023
SOLD
Miami Global Realty, Inc Acquires Bal Harbour Condo For $4.3M
9705 Collins Avenue
See Similar DealsCondo1,685 SF
Sold 11/22/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,551
Total Square Footage:1,685 SF
Transaction Type:Sale
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: Pisadeck Corp
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.
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Deal Type
30 years
10 years
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
Annual Debt Service$244,610.33
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