SOLD
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
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.
Players
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
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93