Compass Agents Acquire Coconut Grove Condo In Miami For $4.99M
SOLD
$4,990,000
Florida
See Similar Deals3,544 SF
Sold 04/13/2021
SOLD
Compass Agents Acquire Coconut Grove Condo In Miami For $4.99M
2675 South Bayshore Drive, Miami, FL 33133
See Similar Deals3,544 SF
Sold 04/13/2021
Summary
FLORIDA
Price Per Square Foot:$1,408
Total Square Footage:3,544 SF
Transaction Type:Sale
Located in Coconut Grove, Miami, a luxury condo located at 2675 S Bayshore Drive, Unit 1702S was recently sold for $4,990,000. The transaction took place on April 13, 2021, with a total area of 3,633 square feet. The condo offers stunning views of the surrounding area and boasts a price per square foot of $1,374. This prestigious property represents the epitome of luxury living in the sought-after Coconut Grove market.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $4,990,000
- Market: Coconut Grove, Miami
- Address: 2675 S Bayshore Drive, Unit 1702S
The buyer was represented by Angel Nicolas and Seth Feuer from Compass, while the seller was represented by Sandra Masis from Cervera Real Estate. Angel Nicolas and Seth Feuer worked diligently to ensure a successful transaction, leveraging their expertise in the Coconut Grove market to secure the sale of this stunning condo. Sandra Masis, on the other hand, skillfully represented the seller’s interests, facilitating the smooth completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,728.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,655.15
Annual Debt Service$283,861.75
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