Fortune International Realty Acquires Condo At Onda Residences In Bay Harbor Islands
Onda Residences, 103rd Street, Bay Harbor Islands, FL, USA
$9,500,000
$1,900/SF
Building Size
5,000 SF
Asset Type
—
Closing
Aug 5, 2020
AI
Onda Residences, located in Bay Harbor Islands, was recently sold in a condominium transaction. The property was sold for a sale price of $9,500,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $9,500,000
- Seller: Ugo Colombo - CMC Group; Valerio Morabito - Morabito Properties
- Buyer's Representative: Fernando Rodriguez Parilli - Fortune International Realty
- Seller's Representative: Melissa Pardo - Fortune Development Sales
The sale of Onda Residences was facilitated by Melissa Pardo of Fortune Development Sales, who represented the seller. Fernando Rodriguez Parilli of Fortune International Realty acted as the buyer's representative in the transaction.
Players
Bay Harbor Islands 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
1.67%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93