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
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