Sergio Balinotti Of BRG International Represents Buyer In $7.15M Sale Of Bal Harbour Condo
9701 Collins Avenue
$7,150,000
$2,285/SF
Building Size
3,128 SF
Asset Type
Condo
Closing
Feb 26, 2025
AI
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.
Players
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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93