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Michael Klinger Acquires SFR In Bal Harbour For $15.35M

Property Image
SOLD
$15,350,000
Jonathan (Jon) Mann
Mendel Fellig
Michael Klinger

Florida

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Single Family Residence12,046 SF
Sold 06/13/2022
the dealplayerscompscontact
Property Image
SOLD

Michael Klinger Acquires SFR In Bal Harbour For $15.35M

56 Bal Bay Drive, Bal Harbour, Florida 33154, United States

See Similar Deals
Single Family Residence12,046 SF
Sold 06/13/2022
Jonathan (Jon) Mann
Mendel Fellig
Michael Klinger
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,274
Total Square Footage:12,046 SF
Transaction Type:Sale

Located in Bal Harbour, this single-family home at 56 Bal Bay Dr recently sold for a staggering $15,350,000. The property spans across 10,801 square feet, resulting in a price per square foot of $1,421.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $15,350,000
  • Address: 56 Bal Bay Dr
  • Market: Bal Harbour

The buyer, Michael Klinger, and the seller, Yoel Getter, were represented by their respective brokers. Michael Klinger's broker representative was Jon Mann from Coldwell Banker Realty while Yoel Getter's broker representative was Mendel Fellig from Compass.

Players

Mendel Fellig
Compass
Mendel Fellig
28 deals$201.9M volume
BROKER
Jonathan (Jon) Mann
Coldwell Banker
Jonathan Mann
22 deals$348.6M volume
BROKER
Michael Klinger
Saber Real Estate Advisors
Michael Klinger
7 deals$110.1M volume
BUYER

Details

SOLD
IMAGE: Michael Klinger & Jon Mann DATE: 06/13/2022 ADDRESS: 56 Bal Bay Dr MARKET: Bal Harbour ASSET TYPE: SFR BUYER: Michael Klinger SELLER: Yoel Getter BUYER'S REP: Jon Mann (@JonMannRealtor) - Coldwell Banker Realty (@ColdwellBanker) SELLER'S REP: Mendel Fellig (@MendelFelligGroup) - Compass (@Compass) (@CompassFl) SALE PRICE: $15,350,000 SF: 10,801 ~ PPSF: $1,421

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$818,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$54,535.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,766.83
Annual Debt Service$873,201.97