Andrew D. Africk's Searay Capital Acquires Bal Harbour Condo For $10.5M
SOLD
$10,500,000
+ 2
Florida
See Similar Deals3,992 SF
Sold 02/13/2022
SOLD
Andrew D. Africk's Searay Capital Acquires Bal Harbour Condo For $10.5M
10201 Collins Avenue, Bal Harbour, Florida 33154, United States
See Similar Deals3,992 SF
Sold 02/13/2022
+ 2
Summary
FLORIDA
Price Per Square Foot:$2,630
Total Square Footage:3,992 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$559,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,304.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,775.36
Annual Debt Service$597,304.28
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