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2675 South Bayshore Drive, ...

Juan Mercado Purchases $2.4M Condo On South Bayshore Drive In Coconut Grove, FL
SOLD

Juan Mercado Purchases $2.4M Condo On South Bayshore Drive In Coconut Grove, FL

2675 South Bayshore Drive, Miami, Florida 33133, United States

$2,400,000

$654/SF

Building Size

3,669 SF

Asset Type

Closing

Jan 14, 2022

AI

Located at 2675 South Bayshore Drive in Coconut Grove, FL, this recently sold property is a condo with a total square footage of 2,022. The sale took place on January 14, 2022, and it was captured in an image by Maria Gabriela Sanchez. The asset type of this property is a condo, offering a luxurious living experience in a highly desirable location.

Summary of transation details

  • Property Type: Condo
  • Transaction Amount: $2,400,000
  • Address: 2675 South Bayshore Drive, Coconut Grove, FL
  • Image: Maria Gabriela Sanchez
  • Date: January 14, 2022

The buyer of this property is Juan Mercado, while the seller is William Restrepo. Representing the buyer is Maria Gabriela Sanchez from Elmir Group at One Sotheby's International Realty. On the seller's side, the representative is Teresita DeBlank. The sale price for this condo was $2,400,000, which translates to a price per square foot of $1,187. This transaction demonstrates the thriving real estate market in Coconut Grove, with buyers showing a strong interest in upscale condominiums.

Players

Dora Puig

Luxe Living Realty

Broker

$1.4B

vol

86 deals

Broker
Luxury Living Realty
Luxury Living RealtyBrokerage

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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93