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4140 Olde Washington LLC Acquires Condo In Bal Harbour For $5.1M

Property Image
SOLD
$5,100,000
Mark Zilbert
Pietro Belmonte
+ 1

Florida

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3,464 SF
Sold 01/21/21
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Property Image
SOLD

4140 Olde Washington LLC Acquires Condo In Bal Harbour For $5.1M

10201 Collins Ave, Bal Harbour, FL, USA

See Similar Deals
3,464 SF
Sold 01/21/21
Mark Zilbert
Pietro Belmonte
+ 1
Contact now

Summary

FLORIDA
Price Per Square Foot:$1,472
Total Square Footage:3,464 SF
Transaction Type:Sale

A condominium located at 10201 Collins Ave in Bal Harbour has been sold in a recent transaction. The property, spanning 4,185 square feet, was sold for a price of $5,100,000. The buyer, 4140 Olde Washington LLC, acquired the condo from the seller, Konstantin Bektasheva. The sale was facilitated by Moshe Goldshtein from Harding Realty, representing the buyer, and Pietro Belmonte from Douglas Elliman, representing the seller.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $5,100,000
  • Address: 10201 Collins Ave, Bal Harbour
  • Square Footage: 4,185
  • Buyer: 4140 Olde Washington LLC
  • Seller: Konstantin Bektasheva
  • Buyer's Representative: Moshe Goldshtein - Harding Realty
  • Seller's Representative: Pietro Belmonte - Douglas Elliman

The sale of this condominium marks a successful transaction in the Bal Harbour real estate market. Both the buyer, 4140 Olde Washington LLC, and the seller, Konstantin Bektasheva, were represented by experienced professionals in the industry. Moshe Goldshtein, from Harding Realty, advocated for the buyer during the negotiation process. Pietro Belmonte, from Douglas Elliman, represented the seller's interests, ensuring a smooth transaction for all parties involved.

Players

Moshe Goldshtein
16 deals$106.3M volume
BROKER

Pietro Belmonte
Douglas Elliman
14 deals$88.1M volume
BROKER

Mark Zilbert
Brown Harris Stevens
4 deals$31.9M volume
BROKER

David Vazquez
Douglas Elliman
7 deals$26.7M volume(786) 897-9970
BROKER

Details

SOLD
IMAGE: Moshe Goldshtein & Pietro Belmonte DATE: 01/22/21 ADDRESS: 10201 Collins Ave MARKET: Bal Harbour ASSET TYPE: Condo BUYER: 4140 Olde Washington LLC SELLER: Konstantin Bektasheva BUYERS REP: Moshe Goldshtein (@mozezgold) - Harding Realty SELLERS REP: Pietro Belmonte (@pietrobelmonte) - Douglas Ellimen ASKING PRICE: $ 5,900,000 SALE PRICE: $5,100,000 SF: 4,185 ~ $1,219

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

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22