GC Acquires Bal Harbour Condo Unit For $3.9M With Buyer's Rep Matias Derito Conway And Seller's Rep Martina Colombres
10201 Collins Avenue, Bal Harbour, FL 33154
$3,900,000
$1,752/SF
Building Size
2,226 SF
Asset Type
—
Closing
Apr 22, 2021
AI
The condo located at 10201 Collins Avenue, Unit 1807W in Bal Harbour has been sold. The property, with a size of 2,226 square feet, was part of a closed transaction on April 23, 2021. The seller, Consultatio Bal Harbour, was represented by Martina Colombres of Consultatio Realty LLC. The buyer, GC, worked with Matias Derito Conway of HQ International Realty Group as their representative in the deal.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $3,900,000
- Asking Price: $4,274,000
- Price per Square Foot: $1,752
- Market: Bal Harbour
The sale price of the condo was $3,900,000, which was negotiated from the original asking price of $4,274,000. The property offers 2,226 square feet of space, resulting in a price per square foot of $1,752.
The seller, Consultatio Bal Harbour, trusted Martina Colombres of Consultatio Realty LLC to assist in the transaction. On the buyer's side, GC enlisted the expertise of Matias Derito Conway from HQ International Realty Group. This closed deal showcases the collaborative efforts of these individuals and companies in the real estate market of Bal Harbour.
Players
Bal Harbour CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93