Frank Milton Acquires Condo In Coconut Grove For $2.8M
2627 South Bayshore Drive, Miami, FL 33133, USA
$2,800,000
$1,060/SF
Building Size
2,640 SF
Asset Type
—
Closing
Oct 21, 2021
About this deal
AI
The condo located at 2627 S Bayshore Dr in Coconut Grove has been sold for $2,800,000. The property spans 2,640 square feet, resulting in a price per square foot of $1,061.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $2,800,000
- Address: 2627 S Bayshore Dr, Coconut Grove
- Square Footage: 2,640
- Price Per Square Foot: $1,061
The buyer of the condo was Frank Milton, while the seller was Robert Tuchman. Maria Corina Sosa, from The Real Estate Lab Inc, represented both the buyer and the seller in this off-market transaction. If you're interested in exploring more off-market opportunities, you can reach out to Corina at 470-357-7603.
Note: Corina at The Real Estate Lab represented both the seller and buyer in this completely off-market transaction.
On the Map
$2,800,000
$1,060/SF
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Players
Miami CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $2.8M for 2,640 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.67%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93