G Realty Group Acquires Bal Harbour Condo For $8.94M
SOLD
$8,940,000
Florida
See Similar Deals3,992 SF
Sold 12/08/2021
SOLD
G Realty Group Acquires Bal Harbour Condo For $8.94M
10203 Collins Avenue, Bal Harbour, FL 33154
See Similar Deals3,992 SF
Sold 12/08/2021
Summary
FLORIDA
Price Per Square Foot:$2,239
Total Square Footage:3,992 SF
Transaction Type:Sale
Located in Bal Harbour, FL, this condo unit at 10203 Collins Ave Unit 1201 recently changed hands in a closed transaction. The property, with a total area of 3,992 square feet, was sold at a price of $8,940,000, translating to a price per square foot of $2,239. The transaction took place on 12/08/2021.
Summary of transaction details:
- Property Type: Condo
- Address: 10203 Collins Ave Unit 1201, Bal Harbour, FL
- Sale Price: $8,940,000
- Total Square Feet: 3,992
- Sale Date: 12/08/2021
The seller of the condo unit was Galina Gladkova. Representing the buyer was Sarah Gozlan, an agent from G Realty Group. Michael Kadoch PA from Kadoch Law Group served as the counsel in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$476,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,761.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,380.16
Annual Debt Service$508,561.93
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