Fortune International Realty Acquires Condo At Onda Residences In Bay Harbor Islands
SOLD
$9,500,000
Florida
See Similar Deals5,000 SF
Sold 08/05/2020
SOLD
Fortune International Realty Acquires Condo At Onda Residences In Bay Harbor Islands
Onda Residences, 103rd Street, Bay Harbor Islands, FL, USA
See Similar Deals5,000 SF
Sold 08/05/2020
Summary
FLORIDA
Price Per Square Foot:$1,900
Total Square Footage:5,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
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