Updated Oct 28, 2024
240 Bal Bay LP Acquires SFR In Bal Harbour For $14M
240 Bal Bay Drive, Bal Harbour, FL, USA
$14,000,000
$1,721/SF
Building Size
8,134 SF
Asset Type
Single Family Residence
Closing
Mar 21, 2021
About this deal
AI
The property at 240 Bal Bay Drive in Bal Harbour has been sold in a recent transaction. The asset, a Single-Family Residential (SFR) property, was sold for a total price of $14,000,000. It spans a total area of 8,134 square feet, resulting in a price per square foot of $1,721.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $14,000,000
- Address: 240 Bal Bay Drive
- Market: Bal Harbour
The buyer in this transaction was 240 Bal Bay LP, while the sellers were Vincent & Paulina Apice. The deal was facilitated by Lourdes Alatriste of Douglas Elliman, who acted as the broker representing the parties involved.
Bal Harbour Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93