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10203 Collins Avenue, Bal H...

Oscar Arellano Acquires Bal Harbour Condo For $7.9M With Seller's Rep Senada Adzem
SOLDCondo

Oscar Arellano Acquires Bal Harbour Condo For $7.9M With Seller's Rep Senada Adzem

10203 Collins Avenue, Bal Harbour, Florida 33154, United States

$7,900,000

$1,796/SF

Building Size

4,397 SF

Asset Type

Condo

Closing

Mar 1, 2022

AI

A condo located at 10203 Collins Ave, Bal Harbour, has been sold for $7,900,000. The property spans 4,397 square feet and has a price per square foot of $1,797. The sale was facilitated by Oscar Arellano of Berkshire Hathaway HomeServices EWM Realty, who represented the buyer, and Senada Adzem of Douglas Elliman, who served as the seller's representative.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,900,000
  • Address: 10203 Collins Ave, Bal Harbour
  • Square Footage: 4,397
  • Price Per Square Foot: $1,797
  • Buyer's Representative: Oscar Arellano - Berkshire Hathaway HomeServices EWM Realty
  • Seller's Representative: Senada Adzem - Douglas Elliman

Oscar Arellano, representing Berkshire Hathaway HomeServices EWM Realty, acted as the buyer's representative, while Senada Adzem, from Douglas Elliman, served as the seller's representative in this property transaction.

Players

Senada Adzem

Douglas Elliman

Broker

$657.6M

vol

28 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

2.01%

Cash-on-Cash

-0.57%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93