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10203 Collins Avenue

Lior Levy Of Balhar Holdings LLC Purchases Penthouse At Oceana Bal Harbour For $21.3M
SOLDCondo

Lior Levy Of Balhar Holdings LLC Purchases Penthouse At Oceana Bal Harbour For $21.3M

10203 Collins Avenue

$21,300,000

$2,827/SF

Building Size

7,534 SF

Asset Type

Condo

Closing

Nov 8, 2024

AI

A 7,534-square-foot penthouse located at 10203 Collins Avenue Unit 2701N in Bal Harbour was sold for $21.3 million. This condo, part of the Oceana Bal Harbour development, is characterized by its premium price per square foot of $2,827. The asset was previously owned by Consultatio Bal Harbour.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $21,300,000
  • Address: 10203 Collins Avenue Unit 2701N
  • Market: Bal Harbour
  • Square Footage: 7,534
  • Price per Square Foot: $2,827
  • Buyer: Lior Levy - Balhar Holdings LLC
  • Seller: Consultatio Bal Harbour
  • Buyer's Representative: Sheerelle Toledano - Douglas Elliman
  • Seller's Representative: Martina Colombres - Consultatio Realty

This transaction was facilitated by brokers Martina Colombres from Consultatio Realty and Sheerelle Toledano from Douglas Elliman. Following this sale, Consultatio Bal Harbour now has only two remaining units available after delivering the building in 2017.

Players

Martina Colombres

Broker

$36.6M

vol

4 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

0.74%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93