London Foster & Douglas Elliman Facilitates $8.1M Sale Of Bal Harbour Condo
SOLD
$8,100,000
Florida
See Similar DealsCondo2,643 SF
Sold 02/14/2024
SOLD
London Foster & Douglas Elliman Facilitates $8.1M Sale Of Bal Harbour Condo
10295 Collins Avenue
See Similar DealsCondo2,643 SF
Sold 02/14/2024
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$3,064
Total Square Footage:2,643 SF
Transaction Type:Sale
The property at 10295 Collins Avenue, Bal Harbour, is a condo with a sale price of $8,100,000. The square footage of the property is 4,049, with a price per square foot of $2,000.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $8,100,000
- Address: 10295 Collins Avenue, Bal Harbour
- Price per Square Foot: $2,000
- Buyer's Representative: Daniel Mordechai - London Foster
- Seller's Representative: Kim Rodstein - Douglas Elliman
Daniel Mordechai from London Foster represented the buyer in this transaction, while Kim Rodstein from Douglas Elliman represented the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$432,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,777.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,398.13
Annual Debt Service$460,777.59
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