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10175 Collins Avenue 402

Bal Harbour Condo Sells For $1.86M To Nathan Shore, Jessica Chestler, And Ben Jacobs
SOLDCondo

Bal Harbour Condo Sells For $1.86M To Nathan Shore, Jessica Chestler, And Ben Jacobs

10175 Collins Avenue 402

$1,860,000

$790/SF

Building Size

2,353 SF

Asset Type

Condo

Closing

Apr 2, 2023

AI

A condominium unit located at 10175 Collins Avenue 402 in Bal Harbour has been sold for a price of $1,860,000. The property spans 2,353 square feet and has a price per square foot of $790.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $1,860,000
  • Address: 10175 Collins Avenue 402, Bal Harbour
  • Market: Bal Harbour

The deal was facilitated by brokers Nathan Shore, Jessica Chestler, and Ben Jacobs of Douglas Elliman.

Players

Ben Jacobs

Meridian Capital Group

Broker

$571.4M

vol

17 deals

Broker

Bal Harbour Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.53%

Cash-on-Cash

-2.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93