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10201 Collins Avenue, Bal H...

Andrew D. Africk's Searay Capital Acquires Bal Harbour Condo For $10.5M
SOLD

Andrew D. Africk's Searay Capital Acquires Bal Harbour Condo For $10.5M

10201 Collins Avenue, Bal Harbour, Florida 33154, United States

$10,500,000

$2,630/SF

Building Size

3,992 SF

Asset Type

Closing

Feb 13, 2022

AI

An oceanfront condo located at 10201 Collins Avenue Unit 2401 in Bal Harbour has been sold for a price of $10,500,000. The property spans across 3,992 square feet, resulting in a price per square foot of $2,630. This transaction took place on February 14, 2022.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $10,500,000
  • Address: 10201 Collins Avenue Unit 2401
  • Market: Bal Harbour

The buyer of this condo is Jacqueline Africk, represented by Ryan Mendell of Maxwell E. Realty. The seller, Heliluxe, was represented by Ludmila Bogatov of Bogatov Realty. Andrew D. Africk, from Searay Capital, also played a role in the purchase.

Players

Ryan Mendell

Maxwelle Real Estate

Broker

$305.3M

vol

15 deals

Broker
Douglas Elliman
Douglas EllimanBrokerage
Compass
CompassBrokerage

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93