Monica Cohan Of MC Miami Realty Represents Buyer In $17.5M Bal Harbour Condo Sale
SOLD
$17,500,000
Florida
See Similar DealsCondo7,442 SF
Sold 06/21/2024
SOLD
Monica Cohan Of MC Miami Realty Represents Buyer In $17.5M Bal Harbour Condo Sale
10203 Collins Avenue, UNIT 2001
See Similar DealsCondo7,442 SF
Sold 06/21/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$2,351
Total Square Footage:7,442 SF
Transaction Type:Sale
The condo located at 10203 Collins Avenue, Bal Harbour, FL was sold for $17,500,000 on 06/21/2024. The property spans 7,442 square feet with a price per square foot of $2,352. Sold as a raw space with approved plans, the transaction was facilitated by Ethan Assouline and Ruthie Assouline from Douglas Elliman, representing the sellers, and Monica Cohan from MC Miami Realty, representing the buyers.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $17,500,000
- Address: 10203 Collins Avenue, Bal Harbour, FL
- Square Footage: 7,442
- Seller's Rep: Ethan Assouline & Ruthie Assouline - Douglas Elliman
- Buyer's Rep: Monica Cohan - MC Miami Realty
The Assouline Team at Oceana Bal Harbour has been instrumental in this sale, marking nearly $120M in transactions at the location to date. The team's expertise has been a significant factor in Bal Harbour's real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$933,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$62,173.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$82,958.93
Annual Debt Service$995,507.14
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