Zalmy Shapiro Of The Brokerage South Florida Real Estate Represents Buyer In $10.8M Bal Harbour Sale
SOLD
$10,800,000
Florida
See Similar DealsSingle Family Residence5,402 SF
Sold
SOLD
Zalmy Shapiro Of The Brokerage South Florida Real Estate Represents Buyer In $10.8M Bal Harbour Sale
217 Bal Cross Drive
See Similar DealsSingle Family Residence5,402 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1999
Total Square Footage:5402 SF
Transaction Type:Sale
A single-family home located at 217 Bal Cross Drive in the Bal Harbour market was sold for $10,800,000. The property spans a total area of 5,402 square feet, resulting in a price per square foot of $1,999.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $10,800,000
- Address: 217 Bal Cross Drive
- Market: Bal Harbour
- Square Footage: 5,402
- Price per Square Foot: $1,999
- Buyer's Representative: Zalmy Shapiro - The Brokerage South Florida Real Estate
- Seller's Representatives: Jordan Karp - Jordan Karp LLC; Joel Lusky - The Brokerage South Florida Real Estate
The transaction involved multiple representatives, including Zalmy Shapiro, who represented the buyer, while the seller was represented by Jordan Karp and Joel Lusky. This collaborative effort among agents facilitated the closure of the transaction in the Bal Harbour market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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