Darlene Pérez & Jorge Pérez Acquire Miami Condo For $7.4M
2701 South Bayshore Drive, Miami, FL, USA
$7,400,000
$148/SF
Building Size
49,798 SF
Asset Type
—
Closing
Feb 8, 2021
About this deal
AI
Darlene Pérez and Jorge Pérez have purchased a condo located at 2701 South Bayshore Drive in Miami. The transaction took place on February 9, 2021, with a sale price of $7,400,000.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,400,000
Darlene Pérez and Jorge Pérez, representing the Related Group, were the buyers in this transaction.
The commercial sale at 2701 South Bayshore Drive, Miami, FL, USA in Miami, Florida sold for $7.4M in 2021. The building is 49,798 square feet, implying about 148 per square foot on the published price. Named participants on the 2701 South Bayshore Drive, Miami, FL, USA sale are Jorge Pérez. This page is the Miami, Florida file for the 2701 South Bayshore Drive, Miami, FL, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Miami sit in the Market section below. Filter that Miami commercial set by closing date to see what else sold near 2701 South Bayshore Drive, Miami, FL, USA around 2021. Published consideration for 2701 South Bayshore Drive, Miami, FL, USA is $7.4M, dated 2021. Cite this Darlene Pérez & Jorge Pérez Acquire Miami Condo For $7.4M sale when underwriting similar commercial product around Miami, Florida.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93