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10295 Collins Avenue

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

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.

Players

Benjamin Malayev

HL Real Estate Group

Broker

$17.2M

vol

7 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