Leonor Ortiz Of Compass Represents Buyer In Sale Of Bal Harbour Single Family Home For $4.9M
9999 Collins Avenue
$4,900,000
$933/SF
Building Size
5,250 SF
Asset Type
Single Family Residence
Closing
Aug 26, 2024
AI
The property involved in this transaction is a single-family home located at 9999 Collins Avenue in the Bal Harbour market. The asking price was set at $5,700,000, while the final sale price amounted to $4,900,000. The property spans a total area of 5,250 square feet, which equates to a price per square foot of $933.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,900,000
- Asking Price: $5,700,000
- Square Footage: 5,250
- Price per Square Foot: $933
- Buyer’s Representative: Leonor Ortiz - Compass
- Seller’s Representative: Nancy Batchelor - Compass
The deal was facilitated by representatives from Compass, with Leonor Ortiz representing the buyer and Nancy Batchelor representing the seller. Both parties operated within the same agency during this transaction.
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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93