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10295 Collins Avenue

Andy Daro Of Compass Facilitates $5.1M Sale Of Bal Harbour Condo
SOLDCondo

Andy Daro Of Compass Facilitates $5.1M Sale Of Bal Harbour Condo

10295 Collins Avenue

$5,100,000

$1,929/SF

Building Size

2,643 SF

Asset Type

Condo

Closing

Feb 28, 2024

AI

The property at 10295 Collins Avenue in Bal Harbour is a condo with a size of 2,643 square feet. The recent transaction involved a sale price of $5,100,000, equating to a price per square foot of $1,930.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $5,100,000
  • Buyer: Lewis Meirowitz
  • Buyer's Representative: Andy Daro - The Daro Team - Compass

Andy Daro, from The Daro Team at Compass, represented the buyer, Lewis Meirowitz, in the deal.

Players

Andy Daro

Compass

Broker

$108.2M

vol

14 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

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93