Oren Alexander Sells Condo In Bal Harbour For $6.5M
9701 Collins Ave Unit 1401 S, Bal Harbour, Fl 33154, Usa
$6,500,000
$1,673/SF
Building Size
3,884 SF
Asset Type
—
Closing
Jul 30, 2020
About this deal
AI
Located in Bal Harbour, this condo at 9701 Collins Avenue Unit 1401 S has been sold in a closed transaction. The property spans over an impressive 3,884 square feet. The sale took place on July 31, 2020, and was represented by Oren Alexander from Douglas Elliman as the seller's representative, while Ekaterina Lavrova from Julies Realty, LLC acted as the buyer's representative. The transaction was finalized for a price of $6,500,000, resulting in a price per square foot of $1,674.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $6,500,000
- Address: 9701 Collins Avenue Unit 1401 S
- Market: Bal Harbour
- Seller's Rep: Oren Alexander - Douglas Elliman
- Buyer's Rep: Ekaterina Lavrova - Julies Realty, LLC
Oren Alexander from Douglas Elliman represented the seller in this transaction. Ekaterina Lavrova from Julies Realty, LLC represented the buyer. The deal successfully closed, allowing both parties to complete the sale of this impressive condo in Bal Harbour.
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $6.5M for 3,884 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93