Carole Olshan Acquires Bal Harbour Condo From Michel Doukeris For $9.95M
10201 Collins Avenue
$9,950,000
$2,492/SF
Building Size
3,992 SF
Asset Type
Condo
Closing
Mar 15, 2022
AI
A 3,992 square foot condo located at 10201 Collins Ave Unit 701 S in Bal Harbour has been sold for $9,950,000. The property is a part of a condominium complex in the area. Carole Olshan and Morton Olshan of Olshan Properties purchased the condo from Michel Doukeris, the representative of Anheuser-Busch InBev. The sale was facilitated by Lindsey Lamchick of Douglas Elliman, who represented the buyers, and Nathalie Azoubel of Miami Condo Advisors, who represented the seller. The condo was sold at a price of $2,492 per square foot.
Summary of transation details
- Property Type: Condo
- Transaction Amount: $9,950,000
- Square Footage: 3,992
- Address: 10201 Collins Ave Unit 701 S
- Market: Bal Harbour
The buyers, Carole Olshan and Morton Olshan of Olshan Properties, acquired the condo from Michel Doukeris, the representative of Anheuser-Busch InBev. Lindsey Lamchick of Douglas Elliman acted as the buyers' representative, while Nathalie Azoubel of Miami Condo Advisors represented the seller. The transaction was finalized on 03/15/2022.
Players
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
1.59%
Cash-on-Cash
-0.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93