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2 Grove Isle Drive, Miami, ...

Sea Grove Realty Acquires Condo At 2 Grove Isle Dr, Coconut Grove For $2.07M
SOLD

Sea Grove Realty Acquires Condo At 2 Grove Isle Dr, Coconut Grove For $2.07M

2 Grove Isle Drive, Miami, Florida 33133, United States

$2,070,000

$863/SF

Building Size

2,398 SF

Asset Type

Closing

May 8, 2022

AI

A condo located at 2 Grove Isle Dr in Coconut Grove, recently sold in a closed transaction. The property, with a total area of 2,398 square feet, was listed for sale with an asking price of $2,000,000.

Summary of transaction details:

The deal was facilitated by Alec Macias from Sea Grove Realty, who represented the buyer or seller in the transaction. The sale price for the condo was $2,070,000, resulting in a price per square foot of $863.

Players

Alec Macias

Sea Grove Realty

Broker

$14.4M

vol

5 deals

Broker

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

7.66%

Cash-on-Cash

-2.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93