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2669 South Bayshore Drive, ...

Vanessa Frank Miami Represents Sale Of Condo In Coconut Grove For $4.2M
SOLD

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

Renier Casanova
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Renier Casanova

Compass

Broker

$123.3M

vol

17 deals

Broker

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