Assouline Team Represents Seller In $10.875M Sale Of Oceana Bal Harbour Condo
10203 Collins Avenue
$10,875,000
$3,027/SF
Building Size
3,592 SF
Asset Type
Condo
Closing
Nov 26, 2024
AI
The property involved in this transaction is a condo located at 10203 Collins Ave, Unit 1702 in Bal Harbour, FL. This residence features 3,592 square feet and includes 3 bedrooms plus a staff room and 4.5 bathrooms. The sale price for this unit was $10,875,000, translating to a price per square foot of $3,027.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $10,875,000
- Square Footage: 3,592
- Price Per Square Foot: $3,027
- Address: 10203 Collins Ave, Unit 1702
- Market: Bal Harbour, FL
- Seller's Representative: Ethan Assouline & Ruthie Assouline - Douglas Elliman
- Buyer's Representative: Anna Sherrill & Adriano Biasella - ONE Sotheby's International Realty
The Assouline Team, representing the seller, secured a contract in 23 days, achieving a record-breaking sale in Oceana Bal Harbour. The team's efforts contributed to the highest selling price ever for a flow-through residence in the building.
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
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93