Brigitte Lina & Mendel Fellig Acquire Bal Harbour SFR For $11.5M
SOLD
Florida
See Similar DealsSingle Family Residence10,801 SF
Sold 06/18/2020
SOLD
Brigitte Lina & Mendel Fellig Acquire Bal Harbour SFR For $11.5M
56 Bal Bay Drive, Bal Harbour, FL 33154
See Similar DealsSingle Family Residence10,801 SF
Sold 06/18/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,064
Total Square Footage:10,801 SF
Transaction Type:Sale
An SFR located at 56 Bal Bay Dr in Bal Harbour has been sold for $11,500,000. The transaction took place on June 18, 2021. The property spans over a lot size of 12,046 square feet.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,500,000
- Date: 06/18/2021
- Address: 56 Bal Bay Dr
- Market: Bal Harbour
- Lot Size: 12,046
The sale was facilitated by Brigitte Lina and Mendel Fellig. They acted as the brokers in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$613,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$40,857.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$54,515.87
Annual Debt Service$654,190.40
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