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:
- Property Type: Condo
- Transaction Amount: $2,070,000
- Market: Coconut Grove
- Broker: Alec Macias - Sea Grove Realty
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
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