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2020 North Bayshore Drive

Heidi Verdezoto Acquires Condo On North Bayshore Drive In Miami For $1.82M
SOLDCondo

Heidi Verdezoto Acquires Condo On North Bayshore Drive In Miami For $1.82M

2020 North Bayshore Drive

$1,820,000

$1,084/SF

Building Size

1,679 SF

Asset Type

Condo

Closing

Dec 1, 2022

AI

Located at 2020 North Bayshore Drive in Miami, this condominium in the Paramount Bay building was recently sold in a closed transaction. The property, measuring 1,679 square feet, was purchased by Heidi Verdezoto for a price of $1,820,000. With a price per square foot of $1,084, this sale represents the highest recorded sale in Paramount Bay in Edgewater.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,820,000
  • Square Footage: 1,679
  • Price per Square Foot: $1,084
  • Address: 2020 North Bayshore Drive
  • Market: Miami

The buyer, Heidi Verdezoto, acquired the property from the seller, Ramesh Haridas. The transaction was facilitated by Agata Munoz of Miami Views Realty, who represented both the buyer and the seller. Agata Munoz can be contacted at 305-900-7317 or via email at [email protected] for any inquiries regarding real estate sales or investments.

Note from Broker: This notable transaction sets a new sales record for Paramount Bay in Edgewater.

Players

Agata Munoz

Miami Views Realty

Broker

$20M

vol

4 deals

Broker

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.72%

Cash-on-Cash

-2.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93