Two Roads Development Sells Edition Edgewater Residences Condo In Miami For $3.09M
SOLD
$3,090,000
Florida
See Similar DealsCondo13,725 SF
Sold 06/16/2023
SOLD
Two Roads Development Sells Edition Edgewater Residences Condo In Miami For $3.09M
2121 North Bayshore Drive
See Similar DealsCondo13,725 SF
Sold 06/16/2023
Summary
FLORIDA
Asset Type:Condo
Price Per Square Foot:$225
Total Square Footage:13,725 SF
Transaction Type:Sale
The property involved in this closed transaction is a condo located at 2121 North Bayshore Drive in Edition Edgewater Residences, Miami. The seller of the property is Two Roads Development. The transaction was facilitated by Nathan Kakon of Charles Rutenberg Realty. The sale price for the condo was $3,090,000. The condo has a total area of 2,745 square feet, resulting in a price per square foot of $1,126.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $3,090,000
- Square Feet: 2,745
- Price per Square Foot: $1,126
- Address: 2121 North Bayshore Drive
- Market: Miami
Nathan Kakon of Charles Rutenberg Realty played a crucial role as the broker representing the seller, Two Roads Development, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$164,800.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,978.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,648.18
Annual Debt Service$175,778.12
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