Luther Robinson II's Robinson Luxury Group LLC Sells Coconut Grove Condo For $1.125M
3041 Hibiscus St, Southwest Coconut Grove, Miami, FL, USA
$1,125,000
$446/SF
Building Size
2,520 SF
Asset Type
—
Closing
Nov 9, 2021
AI
Luther Robinson II of Robinson Luxury Group LLC represented the buyer in the sale of a condo located at 3041 Hibiscus St in Coconut Grove, Miami. The transaction took place on November 9, 2021, with the property being sold for $1,125,000. The condo spans 2,520 square feet, resulting in a price per square foot of $446.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $1,125,000
- Address: 3041 Hibiscus St, Coconut Grove, Miami
- Square Footage: 2,520
- Price per Square Foot: $446
Luther Robinson II, a representative of Robinson Luxury Group LLC, facilitated the sale on behalf of the buyer. The transaction highlights the expertise and professionalism of Luther Robinson II and his agency in the luxury real estate market.
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
14.10%
Cash-on-Cash
-4.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93