Yishai Sinai - Biscayne Advisors Sells Bal Harbour Condo For $1.6M
9801 Collins Avenue
$1,585,000
$798/SF
Building Size
1,984 SF
Asset Type
Condo
Closing
Sep 11, 2023
AI
Located at 9801 Collins Avenue in Bal Harbour, this condo property was recently sold in a transaction brokered by Yishai Sinai of Biscayne Advisors. The sale price for this 1,984 square foot unit was $1,585,000, resulting in a price per square foot of $799.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $1,585,000
- Square Footage: 1,984
- Price per Square Foot: $799
- Address: 9801 Collins Avenue, Bal Harbour
- Seller's Representative: Yishai Sinai - Biscayne Advisors
This closed transaction showcases the expertise of Yishai Sinai, representing the seller in this deal. The successful negotiation resulted in a sale price that reflects the property's value in the market. With its prime location in Bal Harbour and spacious interior, this condo offered a desirable investment opportunity.
Market 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
10.01%
Cash-on-Cash
-2.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93