facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

2627 South Bayshore Drive, ...

Frank Milton Acquires Condo In Coconut Grove For $2.8M
SOLD

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

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.

Players

Maria Corina Sosa

Compass

Broker

$19.2M

vol

5 deals

Broker

Miami CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

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