Frank Milton Acquires Condo In Coconut Grove For $2.8M
SOLD
$2,800,000
Florida
See Similar Deals2,640 SF
Sold 10/21/2021
SOLD
Frank Milton Acquires Condo In Coconut Grove For $2.8M
2627 South Bayshore Drive, Miami, FL 33133, USA
See Similar Deals2,640 SF
Sold 10/21/2021
Summary
FLORIDA
Price Per Square Foot:$1,060
Total Square Footage:2,640 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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