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10201 Collins Avenue

Douglas Elliman Represents Buyer And Seller In $25M Condo Sale At 10201 Collins Ave, Bal Harbour
SOLDCondo

Douglas Elliman Represents Buyer And Seller In $25M Condo Sale At 10201 Collins Ave, Bal Harbour

10201 Collins Avenue

$25,000,000

$3,359/SF

Building Size

7,442 SF

Asset Type

Condo

Closing

May 5, 2023

AI

A record-breaking off-market transaction has taken place in Bal Harbour, FL. The property involved is a condo located at 10201 Collins Ave, Unit 2101/02. The condo spans an impressive 7,442 square feet and was sold for a staggering price of $25,000,000, resulting in a price per square foot of $3,359.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $25,000,000
  • Square Footage: 7,442
  • Address: 10201 Collins Ave, Unit 2101/02
  • Market: Bal Harbour, FL

The buyer was represented by Ruthie Assouline and Ethan Assouline of Douglas Elliman, who are both residents and experts in Bal Harbour. On the other hand, the seller was represented by Oren and Tal Alexander.

For those interested in more off-market opportunities in Bal Harbour, the Assouline Team can be contacted for further information. Their expertise in the area makes them an ideal resource.

Players

Oren Alexander

Official

Broker

$2B

vol

106 deals

Broker

Miami 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

0.63%

Cash-on-Cash

-0.18%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93