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
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