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10203 Collins Avenue

Monica Cohan Sells Condo Unit In Bal Harbour For $17M
SOLDCondo

Monica Cohan Sells Condo Unit In Bal Harbour For $17M

10203 Collins Avenue

$17,500,000

$2,351/SF

Building Size

7,442 SF

Asset Type

Condo

Closing

Jun 21, 2024

AI

The property asset involved in the transaction is a condo located at 10203 Collins Avenue 2001/2002 in Bal Harbour. The sale price for this property was $17,500,000 with a total area of 7,442 square feet, resulting in a price per square foot of $2,352.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,500,000
  • Address: 10203 Collins Avenue 2001/2002
  • Market: Bal Harbour

The buyer's representative for this deal was Monica Cohan from MC Miami Realty. Notably, Monica Cohan sold the property as raw space. On the other side, the seller's representatives were Ethan Assouline and Ruthie Assouline from Douglas Elliman. Monica Cohan of MC Miami Realty has a track record of selling over $150 million at Oceana Bal Harbour and Bay Harbor Village, ensuring a focus on experience, results, and loyalty for their clients.

Players

Ruthie Assouline

Douglas Elliman

Broker

$548.8M

vol

29 deals

Broker

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

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93