Miami Global Realty Acquires Bal Harbour Condo For $9.3M
9701 Collins Avenue #1601S, Bal Harbour, FL 33154
$9,300,000
$2,394/SF
Building Size
3,884 SF
Asset Type
Co-Op
Closing
Oct 20, 2022
About this deal
AI
A condo located at 9701 Collins Avenue in Bal Harbour has been sold for $9,300,000. The property spans across 3,884 square feet, with a price per square foot of $2,394. The transaction took place on October 20, 2022.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $9,300,000
- Address: 9701 Collins Avenue, Bal Harbour
- Square Footage: 3,884 SF
- Price per Square Foot: $2,394
- Buyer's Representative: Marine Rollins - Miami Global Realty, Inc.
- Seller's Representatives: Matias Alem & Sergio Balinotti - BRG International
The buyer's rep for this transaction was Marine Rollins from Miami Global Realty, Inc. On the other hand, Matias Alem and Sergio Balinotti from BRG International represented the sellers.
Players
Market Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.71%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93