Bruce Roden Acquires Bal Harbour Condo For $5.3M With Buyer's Rep Joel Lusky & Seller's Rep Pili Gomez
SOLD
$5,300,000
+ 1
Florida
See Similar DealsCondo2,148 SF
Sold 04/04/2022
SOLD
Bruce Roden Acquires Bal Harbour Condo For $5.3M With Buyer's Rep Joel Lusky & Seller's Rep Pili Gomez
10203 Collins Ave Unit 401
See Similar DealsCondo2,148 SF
Sold 04/04/2022
+ 1
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,467
Total Square Footage:2,148 SF
Transaction Type:Sale
A condo in Bal Harbour has been sold for $5,300,000. The property, located at 10203 Collins Ave Unit 401, offers 2,148 square feet of space. The sale price per square foot was $2,467.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $5,300,000
- Address: 10203 Collins Ave Unit 401
- Market: Bal Harbour
The buyer of the condo is Bruce Roden, with Joel Lusky from Douglas Elliman and Zalmy Shapiro from SREG representing him. The seller of the property is Sebastian Hochbaum, with Pili Gomez and Dora Puig from Luxe Living Miami as the seller's representatives.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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