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2121 North Bayshore Drive

Arman Lazno Acquires Miami Condo From Two Roads Development For $17.5M
SOLDCondo

Arman Lazno Acquires Miami Condo From Two Roads Development For $17.5M

2121 North Bayshore Drive

$17,455,000

$1,271/SF

Building Size

13,725 SF

Asset Type

Condo

Closing

Feb 11, 2023

AI

The property involved in this transaction is a condo located at 2121 North Bayshore Drive in Miami. The condo spans a total of 13,725 square feet and was sold for a price of $17,455,000, resulting in a price per square foot of $1,272. The buyer of the condo is Arman Lazno, while the seller is Two Roads Development.

Summary of transaction details:

  • Property Type: Condo
  • Transaction Amount: $17,455,000
  • Address: 2121 North Bayshore Drive, Miami
  • Market: Miami
  • Square Footage: 13,725
  • Price per Square Foot: $1,272

The buyer of the condo, Arman Lazno, was represented by Elliot Lee from Douglas Elliman. Elliot Lee is a top producer with Douglas Elliman, ranked among the top 8% of agents in the Florida branch. He is also the founder of Lina & Elliot Group. The seller, Two Roads Development, was represented by Adriana Molina, also from Douglas Elliman.

It is worth noting that this transaction took place at the EDITION Residences and was brokered by Elliot Lee. Elliot Lee is a bilingual English/Chinese speaking agent and is willing to provide service for any future referrals.

Players

Elliot Lee

Sotheby's International Realty

Broker

$33.8M

vol

4 deals

Broker
Two Roads Development
Two Roads DevelopmentSeller

Miami Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.91%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93