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9110 West Bay Harbor Drive

Landau Properties Sells Indian Creek Residences Penthouse For $11.25M
SOLDCondo

Landau Properties Sells Indian Creek Residences Penthouse For $11.25M

9110 West Bay Harbor Drive

$11,250,000

$2,178/SF

Building Size

5,164 SF

Asset Type

Condo

Closing

May 6, 2024

AI

The property involved in the transaction is a condominium located at 9110 West Bay Harbor Drive, PH2 in Indian Creek Residences, Bay Harbor Islands. The condo spans 5,164 square feet and was sold for $11,250,000, with a price per square foot of $2,179. The sale was facilitated by brokers Oren Alexander and Isaac Lustgarten acting on behalf of the seller, Landau Properties. The deal marked the final penthouse sale at the location, setting a new record.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $11,250,000
  • Address: 9110 West Bay Harbor Drive, PH2 - Indian Creek Residences
  • Market: Bay Harbor Islands
  • Square Footage: 5,164
  • Seller: Landau Properties
  • Brokers: Oren Alexander & Isaac Lustgarten - Official

The sale of the penthouse at 9110 West Bay Harbor Drive, PH2 was a significant milestone, with the involvement of notable individuals such as Jonathan Landau alongside brokers Oren Alexander and Isaac Lustgarten. The successful transaction highlights the expertise and achievements of the parties involved in the deal, culminating in the breaking of yet another record in the real estate market.

Players

Isaac Lustgarten

The Corcoran Group

Broker

$262.6M

vol

24 deals

Broker

Bay Harbor Islands 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

1.41%

Cash-on-Cash

-0.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93