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3041 Hibiscus St, Southwest...

Luther Robinson II's Robinson Luxury Group LLC Sells Coconut Grove Condo For $1.125M
SOLD

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

Luther Robinson

Broker

$8.1M

vol

3 deals

Broker

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