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Benjamin Malayev of HL Real Estate Group facilitates $5.1M Sale Of Bal Harbour condo

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SOLD
$5,100,000

Florida

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Condo2,643 SF
Sold 02/29/2024
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Property Image
SOLD

Benjamin Malayev of HL Real Estate Group facilitates $5.1M Sale Of Bal Harbour condo

10295 Collins Avenue

See Similar Deals
Condo2,643 SF
Sold 02/29/2024
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Summary

FLORIDA
Asset Type:Condo
Price Per Square Foot:$1,929
Total Square Footage:2,643 SF
Transaction Type:Sale

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.

Players

Benjamin Malayev
7 deals$17.2M volume(347) 551-9919
BROKER

Details

SOLD
IMAGE: Benjamin Malayev DATE: 02/29/2024 ADDRESS: 10295 Collins Avenue MARKET: Bal Harbour ASSET TYPE: Condo BUYER: Lewis Meirowitz SELLER'S REP: Benjamin Malayev (@RealdealBenji) - HL Real Estate Group (@HLRealEstateGroup) SALE PRICE: $5,100,000 SF: 2,643 ~ PPSF: $1,930 NOTE FROM SELLER'S REP: We are pleased to announce the successful closing of an incredible 3 bedroom 4 bathroom oceanfront unit at The Ritz-Carlton in the prestigious Bal Harbour neighborhood. For those contemplating the acquisition of similar elite properties or considering the sale of their own, we invite you to connect with us. Our expertise encompasses buying, selling, and investing, ensuring each transaction is executed with the utmost professionalism and efficiency. Additionally, we offer access to an exclusive selection of off-market properties, providing our discerning clients with unique opportunities not available to the general public. Should you be interested in exploring these opportunities or in need of guidance in selling your property, do not hesitate to reach out. My goal is to exceed your expectations by delivering exceptional results. 🤝

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$271,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
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