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9701 Collins Avenue

Sergio Balinotti Of BRG International Represents Buyer In $7.15M Sale Of Bal Harbour Condo
SOLDCondo

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:

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

Mendel Fellig

Compass

Broker

$201.9M

vol

28 deals

Broker

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