Todd Snyder Acquires Edgewater Condo On North Bayshore Dr From Jon Goodman
2020 North Bayshore Drive, Miami, Florida 33137, United States
$3,850,000
$1,636/SF
Building Size
2,353 SF
Asset Type
—
Closing
Feb 3, 2022
AI
The recently closed property transaction involves a condominium located at 2020 N Bayshore Dr in Edgewater, Miami. The condo spans 2,932 square feet and was sold at a sale price of $3,850,000. The property boasts a price per square foot of $1,313. The sale took place on 02/04/2022 and the asset type is a condo.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,850,000
- Address: 2020 N Bayshore Dr, Edgewater, Miami
- Square Footage: 2,932
- Price per Square Foot: $1,313
Todd Snyder is the buyer of this condo, while Jon Goodman acted as the seller. The transaction was facilitated by Dayanne Costa from The Ben Moss Group - Compass, who represented both parties. It is worth mentioning that this sale achieved the highest price per foot ever recorded among all penthouses in the history of the building.
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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93