Sergio Balinotti Of BRG International Represents Buyer In $7.15M Sale Of Bal Harbour Condo
SOLD
$7,150,000
Florida
See Similar DealsCondo3,128 SF
Sold 02/26/2025
SOLD
Sergio Balinotti Of BRG International Represents Buyer In $7.15M Sale Of Bal Harbour Condo
9701 Collins Avenue
See Similar DealsCondo3,128 SF
Sold 02/26/2025
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,285
Total Square Footage:3,128 SF
Transaction Type:Sale
The property asset involved in the transaction is a condo located at 9701 Collins Avenue Unit 1202-S in the Bal Harbour market. The sale price of the condo was $7,150,000, featuring a total square footage of 3,128, which equates to a price per square foot of $2,285.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $7,150,000
- Square Footage: 3,128
- Price per Square Foot: $2,285
- Buyer's Representative: Sergio Balinotti - BRG International
- Seller's Representative: Mendel Fellig - Compass
The key individuals involved in the deal are Sergio Balinotti, who represented the buyer, and Mendel Fellig, who represented the seller. Their respective affiliations with BRG International and Compass facilitated the closing of this transaction in the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$381,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,402.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$33,894.65
Annual Debt Service$406,735.77
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