facebook

traded

+ Submit
Home

/

Deals

/

Florida

/

All

/

Sale

/

2675 South Bayshore Drive, ...

Compass Agents Acquire Coconut Grove Condo In Miami For $4.99M
SOLD

Compass Agents Acquire Coconut Grove Condo In Miami For $4.99M

2675 South Bayshore Drive, Miami, FL 33133

$4,990,000

$1,408/SF

Building Size

3,544 SF

Asset Type

Closing

Apr 12, 2021

AI

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.

Players

Angel Nicolas

Serhant

Broker

$158M

vol

18 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

3.18%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93