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2701 S Bayshore Dr #20 Ab, ...

Greenberg Traurig's Matthew B. Gorson Acquires Miami Condo From Jorge Pérez, Jon Paul Pérez & Terra For $7.3M
SOLD

Greenberg Traurig's Matthew B. Gorson Acquires Miami Condo From Jorge Pérez, Jon Paul Pérez & Terra For $7.3M

2701 S Bayshore Dr #20 Ab, Miami, Fl 33133, Usa

$7,300,000

Building Size

Asset Type

Closing

Oct 4, 2020

AI

Located at 2701 S. Bayshore Drive in Miami, this condominium unit was recently sold in a closed transaction. The property, a condo, was acquired by Matthew B. Gorson, a representative of Greenberg Traurig, for a price of $7,300,000. The seller of the property was Related Group, represented by Jorge Pérez, Jon Paul Pérez, and Terra.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $7,300,000
  • Buyer: Matthew B. Gorson - Greenberg Traurig
  • Seller: Related Group - Jorge Pérez, Jon Paul Pérez, & Terra

The acquisition of this luxurious condo by Matthew B. Gorson highlights the significant investment opportunities in Miami's real estate market. Gorson, representing Greenberg Traurig, seized the opportunity to secure this prime property. The transaction was facilitated by the seller's representatives, Jorge Pérez, Jon Paul Pérez, and Terra. This deal not only demonstrates the demand for high-end real estate in Miami but also reflects the expertise and negotiation skills of those involved.

Players

GT
Greenberg TraurigBuyer

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.17%

Cash-on-Cash

-0.62%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93