Michael Klinger Acquires SFR In Bal Harbour For $15.35M
56 Bal Bay Drive, Bal Harbour, Florida 33154, United States
$15,350,000
$1,274/SF
Building Size
12,046 SF
Asset Type
Single Family Residence
Closing
Jun 12, 2022
AI
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
Bal Harbour Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.03%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93