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
About this deal
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
Bal Harbour Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.4K per square foot on a published $17.5M for 7,442 square feet (2024).
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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