Douglas Elliman Represents Bal Harbour Condo Sale For $6.35M
10201 Collins Ave Unit 502 Bal Harbour, FL 33154, USA
$6,350,000
$2,981/SF
Building Size
2,130 SF
Asset Type
Condo
Closing
May 25, 2023
About this deal
AI
A condo unit located at 10201 Collins Ave, Unit 502 in Bal Harbour, FL, has been sold for $6,350,000. The property spans 2,130 square feet and was sold at a price per square foot of $2,981. The transaction took place on May 25, 2023. The seller's representatives were Ethan Assouline and Ruthie Assouline from Douglas Elliman, while the buyer was represented by Silvia Lopez De Mesa, also from Douglas Elliman.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $6,350,000
- Market: Bal Harbour, FL
- Square Footage: 2,130
- Price per Square Foot: $2,981
The Assouline Team, consisting of Ethan Assouline and Ruthie Assouline, are residents and experts in Bal Harbour. They specialize in off-market opportunities in the area, leveraging their knowledge and expertise to facilitate real estate transactions.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.50%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93