Vanessa Frank Miami Represents Sale Of Condo In Coconut Grove For $4.2M
2669 South Bayshore Drive, Northeast Coconut Grove, Miami, FL, USA
$4,200,000
$1,464/SF
Building Size
2,868 SF
Asset Type
—
Closing
May 2, 2021
AI
A condo located at 2669 S Bayshore Dr in Coconut Grove has been sold. The property, owned by GB 1826 Grove, was listed for sale at an asking price of $4,500,000. The sale was facilitated by broker Vanessa Frank of Douglas Elliman, representing the seller. After negotiations, the property was sold for a final price of $4,200,000. The condo spans 5,134 square feet, resulting in a price per square foot of $818.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $4,200,000
- Address: 2669 S Bayshore Dr, Coconut Grove
- Listed Price: $4,500,000
- Square Footage: 5,134
- Price per Square Foot: $818
For more information or inquiries, interested parties can contact Vanessa Frank at (305)799-2633 or via email at [email protected].
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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93