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9801 Collins Avenue

Yishai Sinai - Biscayne Advisors Sells Bal Harbour Condo For $1.6M
SOLDCondo

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.

Players

Yishai Sinai

Biscayne Advisors

Broker

$93.5M

vol

16 deals

Broker

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