Mendel Fellig Acquires Bal Harbour SFR For $8.5M
194 Park Drive, Bal Harbour, Florida 33154, United States
$8,500,000
$1,346/SF
Building Size
6,313 SF
Asset Type
Single Family Residence
Closing
Jun 9, 2022
AI
The recently closed property transaction in Bal Harbour involved the sale of a Single Family Residential (SFR) property located at 194 Park Dr. The transaction took place on 06/10/2022, with a sale price of $8,500,000. The property spans across 6,313 square feet and has a price per square foot (PPSF) of $1,346. The buyer of this property was represented by Mendel Fellig from Compass FL, while the seller was represented by Moshe Goldshtein from One Sothebys International Realty.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $8,500,000
- Address: 194 Park Dr
- Market: Bal Harbour
- Square Footage: 6,313
- Price per Square Foot (PPSF): $1,346
- Buyer's Representative: Mendel Fellig - Compass FL
- Seller's Representative: Moshe Goldshtein - One Sothebys International Realty
Mendel Fellig from Compass FL represented the buyer in this transaction, while Moshe Goldshtein from One Sothebys International Realty represented the seller. Both brokers played pivotal roles in securing the successful sale of this SFR property in Bal Harbour.
Players
Bal Harbour Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93