Benjamin Malayev of HL Real Estate Group 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 29, 2024
AI
An incredible 3 bedroom 4 bathroom oceanfront unit at The Ritz-Carlton in the prestigious Bal Harbour neighborhood was successfully closed for $5,100,000. The property spans 2,643 square feet, resulting in a price per square foot of $1,930. The address of this luxurious condo is 10295 Collins Avenue, Bal Harbour.
Summary of transation details:
- Property Type: Condo
- Transaction Amount: $5,100,000
- Address: 10295 Collins Avenue, Bal Harbour
- Square Footage: 2,643
- Price per Square Foot: $1,930
- Buyer: Lewis Meirowitz
- Seller's Representative: Benjamin Malayev - HL Real Estate Group
Benjamin Malayev from HL Real Estate Group represented the seller in this transaction, ensuring a seamless closing of this exceptional oceanfront unit at The Ritz-Carlton in Bal Harbour. His expertise in buying, selling, and investing in elite properties guarantees utmost professionalism and efficiency. The seller's representative also offers access to exclusive off-market properties, catering to the unique needs of discerning clients and delivering exceptional results with every transaction.
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